Aurum Markets Blog Technical Analysis EURUSD short term bearish trade setup to 1.0874

EURUSD short term bearish trade setup to 1.0874

EURUSD short term bearish trade setup to 1.0874 post thumbnail image

EURUSD is moving towards a line of 1.0874 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If EURUSD continues in its current trajectory, we may see it move towards 1.0874 within the next 2 days.

Supported by Downward sloping Moving Average

Target: 1.0874 Entry: 1.0903 Stop: 1.0928

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