EUR/USD: corrective movement, we are looking for a place to sell

EUR / USD – downtrend current corrective movement that will give us good places for new short positions.

The pair is moving in the drawn channel as suitable places for sell are levels around 1.2180 – 1.22 – around the upper side of the channel.

Figure rectangle which refers yesterday played a reach target, now its time for correction, where we will activate new short positions.

We have no reason to believe that the euro will register a break above the channel. Negative news about eur increased by vcherapniya vote in Greece put a new lower expected of him.

 Varchev Traders

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