FX.co ★ EUR/USD

Towards the end of the last trading week, sellers were quite active on the EUR/USD pair, and as a result of the subsequent decline, we first reached a support level in the form of an incline around 1.1490, and then broke below it. The volumes during the decline and breakout of this level were quite high and gradually increasing, indicating an accumulation of short positions by large bears, which in turn increases the chances of seeing a continuation of the downtrend. Therefore, I still prioritize selling, so today I will be waiting for a retest of the previously broken resistance level at 1.1490 on the EUR/USD pair, followed by a bounce from it and a resumption of the decline towards targets around 1.1380.