ForexTrendline

Is it time for correction on EURUSD

FX_IDC:EURUSD   Euro / Dollar AS
Yesterday we saw another drop and passing under 1,0700.

Currently, the downside move has no strength to continue and it’s possible to see a correction towards 38,2 of the last movement.

This is 1,0785 level and upon reaching it we will be watching for reaction.

Sales is good to be closed or at least lower the risk on them, and look for new entries after the correction.

We’re not currently looking at buys.

At that time there are new opportunities on crosses.

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