FX.co ★ EUR/USD Trading Recommendations (1 to 3 weeks)

The key view we see here is EUR/USD having broken out of its ascending channel really strongly. The RSI has broken below previous supports as a pre-signal of a drop to come. We turn bearish for a drop to 1.0700, which is the channel lower support.

Trading Recommendations:

Sell now and add to your positions below 1.1400

Stop loss at 1.1400

Take profit at 1.0700