EURUSD: Might have a correction
Daily chart is bearish and overbought! perfectly ready to be shorted! Only thing that makes us doubt is reaction to the middle of the channel.
2h chart is super bullish this both great and dangerous for the buyers, these sharp channels tend to broke. We are overbought in all charts and we have seen great momentum. thus I think the bearish channel which a long-term would be broken!
We might see a bullish move next months
But for today I'm waiting for small downside move which is tradable for scalpers.
Any breaks below the short-term bullish channel could activate bearish scenarios.
2h chart is super bullish this both great and dangerous for the buyers, these sharp channels tend to broke. We are overbought in all charts and we have seen great momentum. thus I think the bearish channel which a long-term would be broken!
We might see a bullish move next months
But for today I'm waiting for small downside move which is tradable for scalpers.
Any breaks below the short-term bullish channel could activate bearish scenarios.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.