EURUSD is trading just above 1.18, with price having made fresh 2021 lows. Trend remains bearish and our initial target for a pull back towards 1.17 is coming closer. Price continues making lower lows and lower highs.


Red line – support

EURUSD is expected to touch the red downward sloping trend line and get as close as possible towards the magnet that 1.17 is. As long as price is below $1.1950 we remain bearish in all time frames. There are some warning signs by the RSI regarding some bearish divergence that should not be ignored.

The material has been provided by InstaForex Company –

Leave your vote

🚀If you want to get a Forex Robot Coded as per your trading strategy but are unable to do so because of the high price for the Robot then you can take advantage of the CROWD FUNDING campaigns feature. ✔ These are some crowd funding campaigns for Forex Robots, which when completed can provide the very same Forex Robot to the participants at an average price of $5-$10 per participant. ✔ You either participate in one of the already listed campaigns or send us your Forex strategy : Submit Crowd Funding Campaign , for which you would like the Forex Robot to be coded. A Crowd Funding Campaign would then be started for the same . ✔ All you have to do later on is to share the campaign online with your friends to encourage more people to participate in the campaign.

As a result, each participant can get that Forex robot for just a campaign contribution of $5 (which is the minimum). Participants can back the campaign by anything above or equal to $5 to reach the funding goal to close the campaign.