EURUSD at Support

Although the pair broke below 1.5000 it’s hard to expect a further drop without any form of consolidation or even a retracement. Getting below 1.48 should trigger some additional stops but that doesn’t look like it’s going to happen straight away. We would wait for a significant consolidation over the next few days in order to asses the situation and start thinking of opening new shorts. Although the pair broke below 1.5000 it’s hard to expect a further drop without any form of consolidation or even a retracement. Getting below 1.48 should trigger some additional stops but that doesn’t look like it’s going to happen straight away. We would wait for a significant consolidation over the next few days in order to asses the situation and start thinking of opening new shorts.

[NP][/NP]