projecting a short bias for EURUSD. expecting price to hit 1.0800 level. However, trendline has been broken, moving averages are diverging and facing the downside, and downward momentum is looking strong after price closed below the 1.1180 level. Market is currently retesting broken support (now turned resistance).
However, watch out for major Daily trendline as support from price reaching projected level.
However, watch out for major Daily trendline as support from price reaching projected level.