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EUR/USD-short movement, possible new decline

EUR/USD- trend is short

Short-term and mid-term movement are short

Price under MAs

Indicators are in negative formation

Signals for new short positions, when price go under 1.1530 and a signal for a short-term rise above 1.1587.

The movement is negative, which means only short positions. Current levels are good for sell with a stop at 1.1587-1.16.

Sentiment is for weak EUR, expecting the ECB’s QE.

Short is very possible.


 Varchev Traders


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