ALL TIMEFRAMES SAY ONE THING: SELL
Eur/usd is one of my favourite & most traded pair so I get to analyse this really good. Here, on daily timeframe, we are on a downtrend and a retracement is almost completed.
We MUST reach 1.08 before new year in order to close the gap left from 2017, so my bias on this are bearish until the gap is completed.
With a descending trendline broken, once the price reach the SELL ZONE's I'll be looking for potentiall sell oportunities if price rejects them and breaks the new ascending trendline.
#tradesafe
Eur/usd is one of my favourite & most traded pair so I get to analyse this really good. Here, on daily timeframe, we are on a downtrend and a retracement is almost completed.
We MUST reach 1.08 before new year in order to close the gap left from 2017, so my bias on this are bearish until the gap is completed.
With a descending trendline broken, once the price reach the SELL ZONE's I'll be looking for potentiall sell oportunities if price rejects them and breaks the new ascending trendline.
#tradesafe