Euro / U.S. Dollar
Short
Updated

EUR/USD: Bearish Structure Intact — Lower Lows Ahead? (READ)

1 213
By analyzing the #EURUSD chart on the 3-day timeframe, we can see that the price is currently trading around 1.136. If the price manages to stay below the 1.1414 level, we can expect further downside from this pair. The possible bearish targets are 1.128, 1.11480, and 1.10 respectively.

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By examining the #EURUSD chart on the 3-day timeframe, we can see that the price finally started to decline and managed to hit the first target at 1.128, even dropping further to 1.11960! Now, if the price stabilizes below 1.128, we can expect a continuation of the downtrend. The next bearish targets are 1.11480 and 1.10 respectively!

snapshot

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