EURUSD is looking to carry its current momentum and looking to break below 1.2500 level. RSI is getting a bit on the lower side and this might also push EURUSD a bit up for retracement. We might see EURUSD initially taking a small dip and then taking some retracement and that will provide lots of selling opportunities for traders looking to sell EURUSD. Currently the retrace might go towards 1.2775 level and around that level we will see traders looking to sell EURUSD for targets below 1.2500 level.
Trade:
Sell EURUSD @ 1.2775 (Sell again @ 1.2938 if needed) for Profit Limit @ 1.2500 and Stop @ 1.3000
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