The downtrend on EURUSD is still valid
We had an upside impulse yesterday. but the 1,1850 level managed to hold price.
Then we had an impulse in the opposite direction which took price back at a lower levels.
That whole move confirms a downside direction. Market closing below 1,1800 will mean a sell opportunity with targets at 1,1730.
The 1,1850 remains as a key level on this H1 trend and that's why it could be used for SL placement.
Then we had an impulse in the opposite direction which took price back at a lower levels.
That whole move confirms a downside direction. Market closing below 1,1800 will mean a sell opportunity with targets at 1,1730.
The 1,1850 remains as a key level on this H1 trend and that's why it could be used for SL placement.
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