EurUsd- Medium term trade with 1:5 R:R
As I expected, EurUsd reversed from 1.1750 support and is now trading above 1.18 at 1.1830 at the time of writing
My outlook remains bearish for this pair and I consider this rebound a good opportunity to buy USD against the single currency.
A sell trade in the median resistance with an SL above 1.19 could also have a fabulous R:R for those who are patient with the trade for a few weeks.
A daily close above 1.19 would put a pause in my bearish view for EurUsd
My outlook remains bearish for this pair and I consider this rebound a good opportunity to buy USD against the single currency.
A sell trade in the median resistance with an SL above 1.19 could also have a fabulous R:R for those who are patient with the trade for a few weeks.
A daily close above 1.19 would put a pause in my bearish view for EurUsd
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