sufiansaid

EURUSD Bearish

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FX:EURUSD   Euro / Dólar Americano
The Bond Auction went well as expected that could help the Bond Yield which could underpin the Dollar. Bond Auction for the 10Y later today and expecting a Demand>Supply situation as well. EURUSD -0.13% have been ranging between 1.17xx handle and 1.16xx (Accumulation) and I am picking a downward direction if the pair attempts to expand its range for September. Last week Weekly range is my target if price could make a pullback and gives me a Bearish Engulfing candle around the pivot area around London open or 1-2 hours before that also fine.

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