Aurum Markets Blog Technical Analysis Should we expect a bearish trend on EURUSD?

Should we expect a bearish trend on EURUSD?

Should we expect a bearish trend on EURUSD? post thumbnail image

EURUSD has broken through a line of 1.0361. If this breakout holds true, we could see the price of EURUSD heading towards 1.0261 within the next 2 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so you should probably confirm the breakout before placing any trades.

Supported by Downward sloping Moving Average

Target: 1.0261 Entry: 1.0328 Stop: 1.0387

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