EURUSD Short Continuation

[Petez_FX]

I'm expecting EURUSD to continue downwards from the 1.09636 area. This pair has been in a overall downtrend for a long time now, so I am aiming to catch the daily 3rd touch, alongside the 38.2 fib and 28 & 50 Daily EMA.

I find that these are strong confluences to send price down.

If you take this trade risk accordingly.

Also let me know what you think below. Cheers!

 

[DT77]

I can't see it falling over the short term, too much pending turmoil in the US....

 

[Zack King]

downtrend continuing for some time eh

 

[K_Robdog]

I have been watching for the bounce today, but it has been slowly going up.

 

[sebking1986]

Too much weakness in the USD for me to see a short