EUR/USD: another swing to the downside?

EUR/USD: another swing to the downside?

2019-11-11 • Updated

Trade idea

SELL 1.1240; TP 1.1200; SL 1.1265

EUR/USD will remain under negative pressure as long as it stays below the weekly pivot point at 1.1262. The pair broke below the support of the short-term uptrend last week forming a flag within the overall negative long-term tendency. Although the bearish momentum isn’t strong, the pair will likely test lover levels in the 1.1215/00 area.

eurusd h4.png

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