Potential short scenario for EURUSD on the Weekly timeframe.
just sharing a potential short play for EURUSD in the Weekly timeframe. white arrow shows how it might plays out. the short entry is at the 0.5 fib retracement together with the trend line and 100 EMA as confluence for more confirmation. if the short plays out, it might affect DXY positively which in turn, can affect BTC price negatively.
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.