EURUSD Short

For the past week, EURUSD has been in a consistent downtrend. As of tonight, the price of this currency pair looks like it will be projecting towards a strong area of resistance very soon. This may indicate a continuation of the current bearish downtrend. Wait for price confirmation at the potential area of resistance illustrated in the chart above, to aid yourself in obtaining the best potential risk to reward ratio possible.
Chart PatternsTechnical IndicatorsTrend Analysis

Penafian