EURUSD - Still in downtrend (short-term)

Price broke out of triangle consolidation and is still below the 1H 21 EMA and 4h 21 EMA which have been very good trend indications.

We might find support at 1.111, but if not, 1.106 is a very good target as a 1 to 1 extension of Wave A (25th June - 9th of July)

Trade geschlossen: Ziel wurde erreicht:

Target hit almost to the tick. I expect a move up from here