EURUSD Technical Bearish Outlook
~~~LOOK ON BIGGER TIMEFRAME CHARTS IN COMMENTS~~~
EURUSD might have another leg down before making some upmove
after bouncing the Daily resistance or Monthly resistance.
My RSI shows me some more breath-space is available before
continuing downwards, also Fib. confims this.
At this page( fxbootcamp.com/cot-forex-data/ ) you can see, under euro that the majority of traders are dramatically short(wich is the faded red line) against the traders who are long(wich is the faded grey line).
EURUSD might have another leg down before making some upmove
after bouncing the Daily resistance or Monthly resistance.
My RSI shows me some more breath-space is available before
continuing downwards, also Fib. confims this.
At this page( fxbootcamp.com/cot-forex-data/ ) you can see, under euro that the majority of traders are dramatically short(wich is the faded red line) against the traders who are long(wich is the faded grey line).
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