EURUSD Medium Term Short
Technically EURUSD may be entering a medium term short phase after the last bullish cycle. I have entered a short position now. The 4 hour relative strength index has been overbought recently and the momentum oscillator shows that bearish selling may be starting. Banks may be looking or entering heavy short positions soon.
Trade closed: target reached
closed
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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.