$EURUSD BEARISH STANCE
Today we take a look at the EURUSD pair. Unlike my previous post (eurodollar), this is a short term bearish stance (4hr)
Justification:
Rejected from resistance
RSI nearing overbought status
MACD ready to correct
Bounced off top of Bollinger Band
This may also play out to be a good long term short for many of the same reasons
Justification:
RSI nearing overbought status
MACD already correcting
Bounced off top of Bollinger Band
Watching closely to enter a position
IKS
Justification:
Rejected from resistance
RSI nearing overbought status
MACD ready to correct
Bounced off top of Bollinger Band
This may also play out to be a good long term short for many of the same reasons
Justification:
RSI nearing overbought status
MACD already correcting
Bounced off top of Bollinger Band
Watching closely to enter a position
IKS
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