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ShawnTheTrader

EURUSD - Downtrend, wait for retracement before selling

Short
Euro / U.S. Dollar (FX:EURUSD)  
ShawnTheTrader  
FX:EURUSD   Euro / U.S. Dollar
Trend Lines Support and Resistance Moving Averages
2
0
trendline supportandresistance movingaverage
From the two exponential moving averages set, we can see that the have crossed and the trend is currently going downwards, however, the price is now at a support level.

We can actually wait for retracement towards the top of the channel before entering a short position to have a short term trade.
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