EURUSD ready for another leg lower as buyers get squeezed out of the market

Potential Sell Alert

 

Currency Pair EURUSD

The EURUSD is still showing signs of weakness sign our initial alert as more buyers are dragged in and ready to be squeezed out on a move lower. Price is at resistance and struggling so we now expect a push lower bringing in the sellers off a lower high…now watching the action play out.

 

Currency Pair : EURUSD

Current Price : 1.1674

Status : On watch for continued move lower into potential target zone

 

Previous Alert 23/10/17

Currency Pair EURUSD

The EURUSD has seen some sellers push price lower to 1.1680 and break the longer term uptrend. We are now watching for a secondary move lower towards 1.1450 so but expect price to do a little more work. We now want to see minor contraction in price and lower highs to build a sell entry setup. We will watch how this plays out.

 

Currency Pair : EURUSD

Current Price : 1.1771

Status : On watch for lower highs