Short

EUR/USD

Updated

Thinking there will be an EU short coming up soon seeing as support has become resistance three times. There could possible be a break past support 1 after a tap on resistance 1 due to some resistance at 1.08268. There could also be a drop to support one, some pull back, then another drop to support 2 before bouncing up and using support 1 as the new resistance. This is my first chart mark up still learning thinking you could sell when the market opens at 5 and possibly close with a profit today. Please feel free to drop any comments, concerns, thoughts, questions, etc., because, as I said, I'm still learning and looking to truly master the chart. Thanks again for reading!

Note

we're looking at EU falling once hitting its resistance and trend line at 1.08773. meaning we could possibly see it falling past its current support. If EU struggles to pass 1.0868 in the next hour or 30 minutes I think that'll be a good indicator to sell. There may be pullback but a good stop loss placement will remedy that. Even with recent news I see high price resistance and a downward trend so i still support a short position.

kendricklpj

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