Mihai_Iacob

EurUsd could resume its down move

Short
FX:EURUSD   Euro / Dollar Américain
On 8 September I wrote that a relief rally could be next for EurUsd and this should be considered an opportunity for traders to sell rallies around resistance and join the downtrend at better prices.
Indeed the pair rose and reversed exactly from under 1.0780 resistance.
The recent rise is corrective in nature and formed a flag pattern and we could see a new leg down.
I remain bearish under 1.08 and my target is the 1.0550 zone with interim support at the recent low.



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