There was no much movement in this market since the last update. EURUSD keeps to consolidate around the current levels.
The pair created a clear triangle and it’s ready for a move. As the downtrend is intact, short positions are recommended.
The break below 1.2410 would suggest more downside towards the nearest support at 1.2360.
There is a possibility that the market will take a swing to the upside and find a bid.
Resistance to target would be 1.2650. Both trade setups present low risk opportunity.
The pair created a clear triangle and it’s ready for a move. As the downtrend is intact, short positions are recommended.
The break below 1.2410 would suggest more downside towards the nearest support at 1.2360.
There is a possibility that the market will take a swing to the upside and find a bid.
Resistance to target would be 1.2650. Both trade setups present low risk opportunity.