The dollar is without a doubt been getting stronger, plz check out my previous post on that analysis. With things boiling up in Europe I do see economical uncertainty with Europe as the protest and Brexit causing for some concerns.
Alright so for the TECHNICAL reasons for a short is that we are nearing a major resistance level, and pressure downward will be building up. We also has a LH and should be expecting a LH or LL sometime in the near future. Now my analysis from previous timeframes throws this to be around 30-50 days before this occurs. I do encourage trading with the trend on this one guys, NO BUYS OR LONGS on EURUSD. I am positive one day we will see EURUSD near the support level!
Alright so for the TECHNICAL reasons for a short is that we are nearing a major resistance level, and pressure downward will be building up. We also has a LH and should be expecting a LH or LL sometime in the near future. Now my analysis from previous timeframes throws this to be around 30-50 days before this occurs. I do encourage trading with the trend on this one guys, NO BUYS OR LONGS on EURUSD. I am positive one day we will see EURUSD near the support level!