Expectations for the EuroDollar Pair for Next Week
Should open down into the last consolidation from Thursday Friday and then trade up strongly for the rest of the week into prior high from early August which is also the 50 ema on the weekly chart. Looking at the Stochastic/RSI combo on the bottom of the chart there is still time for the pair to go up as well before we see a sell signal.
Trade closed manually:
With the Brexit failure last week, this pair traded down and is accelerated to the down side. The only entries I've seen in this pair have all been dark clouds which would have been short sale entries.
On a technical basis, the pair is trading bearishly vs. it's moving averages. Would be looking for short sales as a bias currently.
On a technical basis, the pair is trading bearishly vs. it's moving averages. Would be looking for short sales as a bias currently.