Euro / Dollar AS
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EUR/USD Mid-Term Bearish continuation D1 Chart

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I hope everyone has had a relaxing weekend ready for the trading week ahead.

The market closed on Friday forming a clear Bearish engulfing candle, suggesting that there is further downside potential

Based on the Stochastics I believe we will see a corrective retracement first, to around the 1.116235 position before downside continuation

From a technical perspective, liquidity is favouring Short position, however either choose your Lots size wisely to enter early or better yet wait for corrective confirmation (accumulating more liquidity) and look to short at around 1.16239

Best of luck.

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