AleksandrLombrozo

EURUSD is topping up. Look for selling opportunities

Short
FX:EURUSD   Euro / U.S. Dollar
If you have a look at the daily EURUSD chart, what do you think the next major move will be?

"Buy low, sell high" is the best statement to describe what is going to happen to this chart. As per Fractology wave analysis, EURUSD has to correct its rally up which means the decline of EUR is looming large.

On the 4-hour chart, the pair has made an impulse down which makes us believe there will be at least one more downside move.

However, as per our wave probability analysis, there is a chance for one more upside move which will break the August high. After that, the pair will likely crash down.

It is reasonable not trade the pair for bullish moves at the moment and wait for a big change down.

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out