The drop of EURUSD halt today at the support 1.1100
1.1100 is also SMA50
I see some traders are talking about BUY in dip.
I think this is a short term correction, a break before it backs to the downtrend.
I still keep bearish bias for EURUSD.
THE CORRUPTION OF VOLKWAGEN SENDS MORE NEGATIVE SIGNAL TO EUROZONE.
This will affect greatly on manufacturing sector of Germany and entire EZ.
While Markit PMI yesterday were more negative than expect.
EURUSD should trade lower to 1.1000 AND 1.0800: That is fair price of EURUSD for the being time.
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Think the right way..
1.1100 is also SMA50
I see some traders are talking about BUY in dip.
I think this is a short term correction, a break before it backs to the downtrend.
I still keep bearish bias for EURUSD.
THE CORRUPTION OF VOLKWAGEN SENDS MORE NEGATIVE SIGNAL TO EUROZONE.
This will affect greatly on manufacturing sector of Germany and entire EZ.
While Markit PMI yesterday were more negative than expect.
EURUSD should trade lower to 1.1000 AND 1.0800: That is fair price of EURUSD for the being time.
--------Sforex Solution-Trackingforexsignals.com----
www.trackingforexsignals.com
www.facebook.com/trackingforexsignals
Contact: admin@trackingforexsignals.com
Think the right way..
