1,5491. EUR USD is in an downtrend directed by 1H exponential moving averages. EUR USD is in a consolidation after the last bearish movement. EUR USD is in a range between 1,5470 and 1,5570. The volatility is low. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. The downtrend should continue to gather momentum.
=> We could take a short position at 1,5490. We will put the stop loss above 1,5540 (-50 pips). The targets are 1,5440 (+50 pips) 1,5350 (+140 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
1,5530 - 1,5570
1,5470 - 1,5440