EUR/USD Forecast: Short

Here is an update on the EUR/USD

RECAP: (Previous Analysis)

In our previous analysis EUR/USD was trading @ 1.19150
We were bearish on the pair and expected the pair to test support @ 1.18600
And that's exactly what happened and the pair broke below the support
We managed to bank 400 pips over 20 positions on this pair from our Sell Stop
from our previous analysis.

WHAT TO EXPECT:

Currently @ 1.18300
EUR/USD is still bearish and might test the 1.17 level
But the pair might retrace back to 1.19 before continuing its downtrend
This is due to a bullish DXY.

OUR POSITIONS:

Buy Stop @: 1.18500
Buy Stop TP @: 1.18800
Sell Stop @: 1.17900
Sell Stop TP @: 1.17700

link to previous analysis below

Note: All investments involve risk, our analysis and trading strategy does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make.