EUR/USD dropped again after a temporary rebound. It tried to test the broken uptrend line but it failed. It means that the bear will the upper hand. I've told you in my previous analyses that the pair could develop a corrective phase and decline if the price edges lower and fixes under the uptrend support, uptrend line.
A dip below the 1.1752 former low could validate a deeper drop. Also, a drop below 1.17 psychological level confirms a larger downside movement.
- EUR/USD Trading Tips
Sell from below 1.1750 level or after a drop below 1.1700 static support with targets somewhere at the 1.1600 and 1.1500 levels.
Buy only another jump above the $1,900 level with a potential target far above the 1.2 psychological level.
