SHORT EURUSD Because 1.24800 Under EMA(34)

Downward trend continued for a long time and this trend supports the 34-day exponential moving average, is the most important indicator that allows the idea to continue the current decline of the EURUSD. Both the upper point of the channel as well as 34-day exponential moving average of the passage of the 1.2480 level is important to ensure that these barriers. If the pair remain under downward pressure to the 1.2480 level may continue until the 1.2355 level.