EUR/USD downtrend, midterm choppy and a short-term downward movement.
Price under moving averages, which are in a bearish formation
Break under 15 ЕМА, when RSI goes under 50 - negative signal.
CCI(50) is under 50, which shows sentiment is for short
Even lower bottoms on the daily graphic of the short-term trend
Last bear bar is bigger than the previous 3, which rises the probability for a little correction to the levels of 25 EMA or little under 1.1080
Sentiment: Monetary policy of FED is strengthening and ECB is expansionary. This would support USD.
Stefan D. Angelov - Head of Stocks Trading
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