EUR/USD is currently trading with a bearish bias. The pair traded short as previously forecatsed and even reached a key support trend line. We are waiting for a clear movements below this trend line before we continue short. However, we expect further downward movements. This downward movement is highly anticipated since other positively correlated pairs such as CHF/JPY and EUR/CAD are giving perfect downward movement signals.
Remain flat for now, but wait for a clear break below the support trendline, then sell but with stops at 1.10071, and the next stop at 1.092