EUR/USD: Bearish Continuation For The EURO - 1.1177 next
Good afternoon everybody, a new week is upon us so let's make it a profitable one.
It’s been a while since I have looked over the EUR/USD however, at a glance it’s looking like a new downside leg is ready to play out.
I am studying the H4 chart but my views on the weekly and daily are in sync. For as long as we trade below 1.1277 then I see a bearish move into 1.1177 then 1.1150.
This pair has been a nightmare up until January with its choppy behaviour and then went into printing much more liquid price action which could actually lead us into the 1.0975 area over the next few weeks.
Nothing super special to report here as Its a relatively simple trade setup. Let's see If we can catch 60-70 Pips on this pair.