The EURUSD is trading to new session lows as a selling/bearish bias increases. In trading this week, the pair broke outside of a 4 – 5 week trading range. What was key was a corrective high back to that breakout level, and found willing sellers. That gave sellers the go-ahead to push lower.

What next from a trading perspective? What’s the next key target? What’s the close risk? Selling levels if the USD is to stay strong?

This article was written by Greg Michalowski at www.forexlive.com. MoneyMaker FX EA Trading Robot