Olu
Short

EurUsd: Serious Bearishness Ahead

FX:EURUSD   Euro / U.S. Dollar
125 1 10
Comments on the chart. The low of the channel has not been taken out yet and as this is a monthly chart expect some retracement near here. The DXY             is seriously overbought and could take a breather leading to a move up for the euro             . However it is only a matter of time we could see parity soon
Comment: Price is toying with the bottom boundary. If you deemed the structure to be a triangle you would be nothing but bearish now. I am still bearish big time
Comment: Price still the rounds at the bottom of the channel. The Euro has seen weakness recently, As an example see the chart of eurgbp. it is down loads. The referendum in italy is not helping as well
Comment: It looked like a solid bounce was on the cards this week but it quickly fizzled out by the end of the week. Price is now really testing the bottom support area. Timber.....
sentiment is long, so it must be short lol (same for gbpusd)
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