Cabana Capitals Blog Technical Analysis EURUSD short term bearish trade setup to 1.0780

EURUSD short term bearish trade setup to 1.0780

EURUSD short term bearish trade setup to 1.0780 post thumbnail image

EURUSD is moving towards a support line. Because we have seen it retrace from this level in the past, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 10 days and may test it again within the next 2 days.

Supported by Downward sloping Moving Average

Target: 1.078 Entry: 1.0833 Stop: 1.0853

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