EUR/USD Long Correction
Updated
Hey guys,
EUR/USD in an intact short trend and it seems so that the EURUSD will continue its daily downtrend, but for the 1-hour view, we are expecting a correction to around 1.0780 before the next leg lower.
Short-term traders could buy the market in a more shorter term time frame. BUT bare in mind that the overall trend is short and we don't know exactly when the daily momentum will come in so be careful. As especially with the break of the kind wedge formation to the upside, we are expecting now higher eurusd in the short term. Let's see.
As always, use a stop loss while trading and never risk more than 0.5% on each trade and never overleverage otherwise you will lose your account. Hope that helps.
If you have any further questions, please don't hesitate to ask.
Cheers
EUR/USD in an intact short trend and it seems so that the EURUSD will continue its daily downtrend, but for the 1-hour view, we are expecting a correction to around 1.0780 before the next leg lower.
Short-term traders could buy the market in a more shorter term time frame. BUT bare in mind that the overall trend is short and we don't know exactly when the daily momentum will come in so be careful. As especially with the break of the kind wedge formation to the upside, we are expecting now higher eurusd in the short term. Let's see.
As always, use a stop loss while trading and never risk more than 0.5% on each trade and never overleverage otherwise you will lose your account. Hope that helps.
If you have any further questions, please don't hesitate to ask.
Cheers
Note
With a close below 1.0780 we will stick to our view of a correction potential to the upside! Note
*CORRECTION OF THE COMMENT* Until the EURUSD stays above the last low of 1.06344, we will stick to the view that the EURUSD can move higher in short term. Only a break of the low will be suggesting a different structure. Note
Guys! as we said only with a break below of the 1.06344 we will be looking at lower prices, but the market was able to bounce, we are now expecting a correction. Don't forget NFP on Friday! Trade with care. Here is the updated chart of the EURUSD. 
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