EUR/USD - Short Selloff SetUp
EUR/USD has been stalling at the already given 1.1822 daily resistance level recently with the last EFX technical post stating 'Wait for a reversal or breakout".
Studies of price action today suggest a reversal is imminent... However, we must wait for the trendline to be broken in order for the pair to sell off into the labelled target zones.
A break of the trendline and the supportive region: 1.1725 will allow the price to fall into 1.1660 over the next few days then 1.1580 as target 2!
Trade safe guys and let's await that USD strength!...