EUR/USD

The Euro - U.S. Dollar pair, remains without a definite trend, and forming a figure reversal technique, if we see in the picture, the gap opening earlier this week, has not yet been covered. So, that adds strength to our bearish outlook. According to the table pivots, the euro - dollar, is trading below the first resitencia weekly, so we think we could go back at least to 1.3130 or more down to 1.3050.

Therefore, we recommend selling at current price levels, and with a stop loss, a little above the monthly maximum around 1.3320, and our ultimate goal in this bearish strategy, we will place on the 61.8% retracement of fibinacci.

MCD indicator. is in a neutral point showing bearish signals.

Gerardo Porras Palomino is taking part in the "Analyst of the Year" award organized by MT5.com portal. If you like his article, please vote for him.

Performed by Analytical expert: Gerardo Porras Palomino
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