EURUSD still in a downtrend
The downtrend that started in the beginning of the month continues.
However, that doesn't mean we shouldn't see any upside move as well.
Especially for the intraday traders, a move of 50-100 pips would look like a reversal.
That's why it's important to be able to identify the trend and a potential reversal.
We're now expecting for price to go below last week's lows,
but before that happens we're also considering a move in the opposite direction.
If price goes up to 1,18 that would be the best entry opportunity to get involved in a short trade!
Stops should be above 1,1820!
However, that doesn't mean we shouldn't see any upside move as well.
Especially for the intraday traders, a move of 50-100 pips would look like a reversal.
That's why it's important to be able to identify the trend and a potential reversal.
We're now expecting for price to go below last week's lows,
but before that happens we're also considering a move in the opposite direction.
If price goes up to 1,18 that would be the best entry opportunity to get involved in a short trade!
Stops should be above 1,1820!
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❓ If you got questions: t.me/Semkov
💰 PAID SIGNALS AND ANALYSIS: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
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