EURUSD Short Thesis
- On the weekly last week candle made way up to 1.1406 and rejected off it closing below 1.1367 as a shooting star signalling bear strength.
- 3rd bounce off descending trendline on daily timeframe.
- Reversal is now on the cards with 2 shooting star candles forming at 1.1406.
- Previous lows at 1.1321 have been taken out with a clean break, now expect a retest before continue lower.
- Once retest next target for EU 1.1234
Trade active
Trade closed: target reached