EURUSD Short Idea
We’re definitely looking to short Eurusd and ride the trend if the opportunity presents itself.
Price action has been very bearish over the last 2 weeks and does not seem to be slowing down.
Our target is the monthly support around 1.07000 but there are two ways we could see that play out.
Price action may keep free falling all the way until the monthly or we could see an established lower low followed by a retracement to a key fib level.
This is where we have the opportunity to capitalize and short lower after seeing strong rejection + bearish confirmations.
We’re definitely looking to short Eurusd and ride the trend if the opportunity presents itself.
Price action has been very bearish over the last 2 weeks and does not seem to be slowing down.
Our target is the monthly support around 1.07000 but there are two ways we could see that play out.
Price action may keep free falling all the way until the monthly or we could see an established lower low followed by a retracement to a key fib level.
This is where we have the opportunity to capitalize and short lower after seeing strong rejection + bearish confirmations.