Hello everyone

Hope you are enjoying your weekend thus far.

The Eur should offering some excellent shorting opportunities when the retracement is done and all of this in the light of the prevailing trend as well as the devaluation of the Euro by Dragon, I mean Draghi and co.

Levels to keep an eye on:

1. Price failed to hold above the supply downtrend channel @ 1.0964;
2. The current support level @ 1.0885 is critical and price must stay above this level in order for it to move higher;
3. If price closes under the 1.0801 level then we could see prices continuing on the downward trend.

AS always, wait and let the market tell you what's cooking.

Have a lovely evening

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