EURUSD Continue Short
EURUSD may continue its bearish trend after completed a breakout on daily penant bearishly. The price currently keep breaking support on smaller timeframe, which support the idea of bearish in EURUSD. Moreover, the 50EMA still under the 100EMA and 200EMA, currently showing us that the bearish trend was still on the move. It may show retracement as stochastic showing oversold signal. If rejection occur in the channel,it will proving the bearish signal. EUR also fundamentally bearish as German ifo Business Climate showing actual value smaller than forecast. As for USD, the currency may fundamentally bullish, as actual was greater than forecast. These fundamental analysis may support the ideas.
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