EURUSD: Bearish and looking for short opportunities
Even though there has been a small retracement in the EURUSD in this session, we are still in a bearish market condition:
Last Friday the Euro broke an important resistance level, so it is likely to continue its way down until it reaches the next long term support level around 1.4517.
Here is my trading plan:
As long as the EURUSD trades below 1.4683 I will be looking for short trade opportunities. My next LT support level is at 1.4517
All long opportunities will be ignored.