EURUSD bearish on the long term
EURUSD has been bearish since 2008, as long as there is not a clear breakout of the downtrend it is wiser to be on the bears' side.
The fib extension for the downtrend started in early 2018 shows that price has recently tested the 0.5 level and retraced back to the trendline.
If price breaks 0.382 level and bears bring more volume (with the current economic crisis we might see capital going to USD) we can assume a test of the golden pocket.
The fib extension for the downtrend started in early 2018 shows that price has recently tested the 0.5 level and retraced back to the trendline.
If price breaks 0.382 level and bears bring more volume (with the current economic crisis we might see capital going to USD) we can assume a test of the golden pocket.
Buy high, sell low
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