Reason for Selling EUR/USD:
EUR/USD was moving up and down between the ranges in H1 Chart.
As per the Economic news result, there’s no changes in ECB interest rate decision and Deposit facility rate.
However, European Central Bank began weaning the euro zone off loose monetary policy, while U.S. Treasury yields rebounded when the U.S. House passed a budget plan that paves a path for tax cuts.
EUR/USD broken the bottom level of the range with more number of sellers pressure.
After the confirmation of Breakout and the downward movement, the sell signal was given to our members.
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