Price is technically beneath the 200 MAV on daily chart. Possible scenario is for Euro to stay in consolidation and trade within the current horizontal support and resistance.
Area of value to trade with the current down trend is
1. At the 200 MAV
2. Between the .50-.618 fib retracement of last minor swing.
3. At monthly pivot.
Trigger can be a candlestick pattern indicating weakness of buyers.
Target to downside would be the current support area.
Stop is above the 200 MAV recent break and swing high.
Risk reward conservative at 2.
Area of value to trade with the current down trend is
1. At the 200 MAV
2. Between the .50-.618 fib retracement of last minor swing.
3. At monthly pivot.
Trigger can be a candlestick pattern indicating weakness of buyers.
Target to downside would be the current support area.
Stop is above the 200 MAV recent break and swing high.
Risk reward conservative at 2.