It is incredible how sometimes the market (in this case the EURUSD) goes from one level to the other, then it ranges for a while there and either it gets rejected or breaks through that level, but stops right on the next one. This has been the case for the EURUSD in the last weeks. Anyway, the EURUSD is trading in a bearish market condition:
As long as the EURUSD keeps trading below 1.2868 I will be looking for short opportunities.
Tags: EURUSD Analysis