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The EURUSD currency pair

Profile photo of Nuno Lampreia – Forex.Today by Nuno Lampreia – Forex.Today
2015-09-16_00-34-11eurusd forextoday

2015-09-16_00-34-11eurusd forextoday

On this chart it can be clearly seen that price stopped to provide us with higher highs and lows.

At number 10 we received the first hint that something could be about to change when no higher high was provided.

Number 11 took out number 9 nicely where we received confirmation that we are now in a down trend.

It would be recommended to wait for a retracement to number 12 and to take a short down to number 13.

Best of PIPS

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