The EURUSD may see some more sellers push the price lower

Potential Sell Alert

 

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