The Bears Are Back! EURUSD (H4) 3 Jan 2022

Updated
If the bulls were to make a move then they had to keep the ground at 1.1340. Unfortunately, they didn't, and my thoughts are that we will see a lower low this month, somewhere close to 1.1100.
Note
Please support me with your thumbs up and comments!
Trade active
Our next target is 1.1190 or lower!
Trade active
I suspect we won't have much movement today. The price will most likely consolidate.
Trade active
Looks like bears try to prove me wrong.
Trade active
Poor US data is giving some momentum to bulls.
Trade active
The price is back in the pennant. I suspect it will break out again tomorrow after the release of the NFP.
Trade closed manually
We are out of the downtrend channel.
analysisChart PatternsEURUSDeurusdshortSELLshortsignalTrend Analysis

Related publications

Disclaimer