The EUR/USD prices still trading within a downward channel.
We notice on the weekly chart that the prices have succeed in breaching down the triangle, this confirm the bearish trend of the market.
Today we expect it will reach the bottom level of the channel.
On the short term, we expect the EUR/USD prices will recover and rise towards the 1.2658-1.2670 area .
This represent a great opportunities to enter a sell positions.
The first expected next target is towards the 1.2504 level, and should it breach down this level, the next second target would be towards the 1.2475 level.
We advice our dear clients to enter a tops loss at least with 30 points .
* The market trend movement according to the main market signals MAC.D, Stochastic, Alligator and CCI
1- MACD : we can see a buy signal on the short term, and a sell signal on Daily chart.
2- Stochastic: we can see a buy signal on the short term, and a sell signal on the Daily chart.
3- Alligator : there is a buy signal on the short term, and a sell signal on the Daily chart.
4- CCI : there is a buy signal on both short term and Daily chart.
On the short term expectation, the market is bullish.
On the long term expectations, the market is bearish.
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