EURUSD corrected, finally. At this point is moving sideways between the 100 and 200 EMAs. Keeping in mind that the main trend is down, we could expect a fall back to 1.3400. Only under this round level I would think that a new low could occur.
Though the trend is down, I am expecting another rally. A break above 1.3450 and a close above the 200 ema would confirm my theory. In this case my first target will be 1.3470 and the second 1.3500.
Though the trend is down, I am expecting another rally. A break above 1.3450 and a close above the 200 ema would confirm my theory. In this case my first target will be 1.3470 and the second 1.3500.
