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MarcellusLUX

Trade cautiously, EUR/USD might revisit 1.17 support level

Euro / Dollar Américain (FX:EURUSD)  
MarcellusLUX  
FX:EURUSD   Euro / Dollar Américain
Trend Analysis Chart Patterns Beyond Technical Analysis EURUSD eurusdshort eurusdprediction eurusdforecast eurusdidea
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trendanalysis chartpattern beyondta eurusd eurusdshort eurusdprediction eurusdforecast eurusdidea
In line with the previous idea about selling EURUSD at 1.2240 level, EURUSD has dropped
significantly over the previous couple of weeks.
EUR/USD sell trade continuation with target at the 100day EMA

However, the fall might not be over yet. EURUSD bulls have not been able to stage any meaningful
recovery so far and price has tilted to the downside once again.

If the bears continue their dominance, EURUSD may drop to 1.17 again. I recommend selling EURUSD
if price rallies towards the resistance at 1.20.
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