Good day traders!

The euro dollar has ssen some bearishness since the beginning of the week. With the Greek crisis hitting the news again, risk aversion has entered the market again.

From the euro dollar daily chart above, it seems that euro dollar is about to continue on its down trend. It has broken the bottom channel and straggling at the price 1.314.

Further bearish momentum is affected and the price hitting 1.30 should not be discounted.

Above the EMA20, we might look at the pair going up but at the moment, there are no signs of the price going up anytime soon.

All the best to your trading

~ Ardy

Forex Trader/Forex Blog