EUR/USD is Making a Bearish Continuation

1 min read
tarantula fx

tarantula fx

Head of Trading

Dear traders,

EUR/USD is bearish. We can clearly see the trend line break and a series of lower lows.

EUR/USD is dropping from 1.1600 level. Bearish momentum persists and we should see the move further down as there is no stopping. The price is targeting 1.1529 followed by 1.1505 which is the main target. There is nothing bullish here. Selling continues.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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