EUR/USD: downtrend, mid-term correction and short-term short
Price went under the diagonal support, which increase possibilities for new downward movement.
Lower top lower bottom - trend is short
Price under last bottom, and under moving averages in a bearish formation.
Indicators are at negative territory, but we still have to be well positioned after the sell-offs. Good places for short after test of the break or test of level 1.0963
Sentiment: Monetary policy of FED will support the dollar and the ECB policy is for weak euro. A sell-off on the European stock market can move resources to euro in a search of stability, which will change the sentiment for a strong euro.
Stefan D. Angelov - Head of stocks Trading
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