Euro / U.S. DollarShort
EUR USD :: Short seems appropriate
Updated
After the rally it looks like shorting at current levels could bring good profit. There's still some room up but I trust the resistance trendline since the previous highs will prevail. Otherwise we will have a new scenario.
We could be on the verge to start another part of an inverted HS pattern, that could send EUR much higher. I remain bearish on EUR USD and unless the inverted HS takes its role and send prices much higher, I will continue holding shorts till my target at 1.16 followed by 1.12
We could be on the verge to start another part of an inverted HS pattern, that could send EUR much higher. I remain bearish on EUR USD and unless the inverted HS takes its role and send prices much higher, I will continue holding shorts till my target at 1.16 followed by 1.12
Order cancelled
Too much uncertainties on this pair at the moment, at least to me. I was expecting the USD to strengthen against all the major pairs but so far is not happening yet. Therefore will need to sit off and redo my studies and different scenarios after FOMC minutes. We are above main EMA's and therefore the price should remain inside the ascending channel. Will wait for a clear signal to jump in accordingly,
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