anthoriosanto

EUR/USD, is still on his bearish way

Short
FX:EURUSD   Euro / Dollar Américain
Hi guys !

EURUSD is still in the bearish mood. The last week, EURUSD was on his way back to 1.14, 1.15 but the NFP results was good for the U.S.A, and the Dollar U.S. started his way back against Euro .

On this H12 chart, we can see two candles crossed the mirror level at 1.143.
The mirror level is the price where the trendline swich to bull or bearish . You can call this the "key level" too.

Furthermore, as you can see there was a clear rejection where the big uptrend from 2017 and the mirror level are crossing .
Ichimoku Cloud is confirming that with a trend below the cloud and the lagging span below the mirror level.

So now, EURUSD is back in his downtrend from September, and i'm expecting a new low at 1.25, then 1.20.

Thanks for your time guys !

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