Sell Any Rallies in the EURUSD for MidTerm

2019-11-28 18:24:01

Buy around 1.1025 - 1.1032
Take Profit 1.0990

I still maintain downside bias for EURUSD. So far, the main driver is the strength of Dollar Index. We still have a broad based firmer Dollar as well as better than expected economic data released last week and yesterday.

The other reason for EURUSD short is the fundamental outlook for EUR and Eurozone economy still remain bearish for short and midterm.