FOREXN1

EUR/USD: SELL To Reach The ABCD Target - Bearish Channel SHORT

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FOREXN1 Uppdaterad   
OANDA:EURUSD   Euro / USA-dollar
The EUR/USD reach all the targets in our previous Ideas and today the price continues to drop more and more. We have recognized and ABCD Pattern from a long time and now the D point, the target of this is very close at the price of 0.9660

As you can see, the EUR it's inside a Bearish channel and the price can drop more at the lower of the market.

In this scenario, our position is aggressive because we are pushing the euro in the worst scenario but it's also possible, just looking at the RSI as extremely bearish and the Stochastic that is still fallen. The Ichimoku forecast remains extremely bearish and all the clues we had, are for a new sell position.
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