1,5536. EUR USD is in an downtrend directed by 1H exponential moving averages. EUR USD is in a consolidation after the last bearish movement. The volatility is low. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 1,5580. The downtrend should continue to gather momentum.
=> We could take a short position at 1,5540. We will put the stop loss above 1,5580 (-40 pips). The targets are 1,5470 (+70 pips) 1,5440 (+100 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
1,5570 - 1,5660
1,5530 - 1,5470