EURUSD now retesting key level at 1.04. Additionally, it lines up as a 61.8% retracement from previous swing high and swing low.
It's currently rejecting with a double top forming on the H4. Daily closed with a bearish engulfing as well.
To enter a short position, H4 has to start forming bearish market structure for more confidence.
Fundamentals:
EUR: Facing energy crisis heading into winter, political instability
USD: CB is still very hawkish for the rest of the year
*More fundamentals on weekly commentary paper
What do you think? What's your EURUSD forecast?
It's currently rejecting with a double top forming on the H4. Daily closed with a bearish engulfing as well.
To enter a short position, H4 has to start forming bearish market structure for more confidence.
Fundamentals:
EUR: Facing energy crisis heading into winter, political instability
USD: CB is still very hawkish for the rest of the year
*More fundamentals on weekly commentary paper
What do you think? What's your EURUSD forecast?
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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.
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.