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Coleman: Shorting EURUSD after mild correction

After a rally in the Dollar Index rally after last week's ECB meeting, EURUSD hit the top of a daily channel formation.

Following a mild correction yesterday, Ian Coleman is looking for more downside momentum

Recent mild net gains were inside the previous day's range forming an indecisive Harami candle.

Top of the channel formation is at 1.1087 which is also bespoke resistance.

Sell at 1.1087

Target: 1.0980 and 1.0900

Stop: 1.1117

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01:40 minutes
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