Recently, the EUR/USD pair has been trading downwards. As I expected, the price tested the level of 1.1266. According to the H1 time – frame, I have found the potential end of the upward correction (contracted flat), which is a sign that buying looks risky. I have also found a short – term bearish trend, which is another sign of weakness. My advice is to follow the direction of the trend. Watch for selling opportunities. The downward target is set at the price of 1.1213.
The material has been provided by InstaForex Company – www.instaforex.com
Recently, the EUR/USD pair has been trading downwards. As I expected, the price tested the level of 1.1266. According to the H1 time – frame, I have found the potential end of the upward correction (contracted flat), which is a sign that buying looks risky. I have also found a short – term bearish trend, which is another sign of weakness. My advice is to follow the direction of the trend. Watch for selling opportunities. The downward target is set at the price of 1.1213.
The material has been provided by InstaForex Company – www.instaforex.com
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