Good morning traders,
I trust you are all enjoying your time off, whilst I have some time I decided to do another eur/$ chart, as most of you already know my incredible bearish outlook on the pair still stands;
The bearish break looks similar to that found in August 2015 suggesting a move toward the trend lows at 1.052xx
The ECB appears to be on hold for now...
traders,
the stage is set....
do not be fooled into thinking otherwise, eu is getting smoked
brexit, italian loans, immigration dirving a wege in unity
negative rates stimulus
not a single reason going for the euro
gl and see you bears at the beach club
Selling this pair :
1) Broken trend line with a successful retest of trendline.
2) RSI divergence on Daily.
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Liability Disclaimer : All trades posted here are my...
A pure technical take on EURUSD
Validations
Rate testing support @ short term up channel.
Expectation are FED will move only after US elections.
Invalidations
As per other US crosses, strong economic data could derrail this strategy.
Persistent bullish chatter in the media channels..
Parameters
Buy @ 1.1170, SL @ 1.1130, TP 1.1395
Cheers
