Eur/Usd back on track
Eur/Usd is getting bearish again. Looks like Usd will drag it below 1.2600 today. I dun think fundamentals will play any part.
I forgot to attach chart.
Look the resistance line and current position. Pair is bouncing back.
Yes. Bearish trend is highly probable. Pair is now trading around 1.2670 and I think it will not go up above 1.2700. So going short will be the best option. There is no important economic data due today
Stick to your rules
Eur/Usd went above 1.2700 but today it remained bearish and now trading near 1.2650. It has already surprised by touching 1.2760 yesterday and I think this time, it will stay below 1.2700. I am targetting 1.2600.
The good or ill of a man lies within his own will. – Epictetus
It has already crossed resistance line and looks like it is in the mood to touch 1.3000 again. Overall movement is sideways now and may stay sideways or slightly bearish today. But next week, I think, it will continue upward movement.
Stick to your rules