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1,2250 by EURUSD seems appropriate for short

EURUSD technical levels

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FX 24 at EURUSD in the past 3 days demonstrates the short-term negative sentiment of the pair. The US session high from yesterday is at 1.2246, where the level seems to be conquered by the bears. There are prerequisites for expecting a slight correction at the start of the European session and the opening of London Stock Exchanges at 10:00 GMT+3. Possible volatility can give us a good price to position ourselves with short positions, with the strong dollar likely to continue to dominate the single currency at least until the ECB meeting on Thursday.

Three lower tops are formed, and a 200SMA test is highly probable, but it is unlikely that the bulls will quit easily below levels 1.20 at least in the short term.


 Trader Nikolay Georgiev

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