How’s it going with everyone today? Hopefully, everyone is doing well. I hope everyone is having a profitable day on the forex market.
EURUSD is currently having a strong bearish momentum. This is a good sign for sellers. As long as the price of EURUSD remains below $1.2186, traders could consider selling this pair. The target for this move is located at $1.2144. A breakout at this support will revive the bearish momentum. At this level, the sellers of this pair will then aim at the $1.2118 support level. Crossing this level will allow sellers to target the $1.2104 support level. Trading a rebound on this move may be very risky. Take a look at the chart below and let me know your thoughts on it.
Have a wonderful day and stay safe out there. Cheers.