EURUSD is in full momentum to break below 1.3500 and then target 1.3410 level during this week. Looking at the current move, there will not be many traders, especially intra-day traders that will look t buy EURUSD at the moment.
Mostly traders will look to sell, especially if EURUSD takes a bit of retracement and then set profit targets around 1.3450 level. Ideally traders will hope to sell EURUSD around 1.3600 level but the more aggressive traders might choose to sell even below that level.
If EURUSD manages to break above 1.3600 level, then we might see EURUSD once again testing 1.3800 level but keeping current scenario, we don’t see too many chances of EURUSD doing that.
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