EURUSD - Days of USD bears could soon be over

FX:EURUSD   Euro / U.S. Dollar
50 3 0
From now on we can look to build short positions on EURUSD             as the odds coming to the bearish side. Signals on Daily chart - MACD bearish cross, Stoch bearish cross, watch px             breaking out from the bearish wedge soon!
Signals on 4 Hrs             time frame - Tenkan/Kijun weak sell signal ( bearish cross), Chikou Span drops below price, Price is below Kijun and 100 WMA , Price attempts to break below the Kumo (cloud). However Stoch is oversold and we still have this uptrend line there.
Strategy: Accumulate shorts on any spikes between 1,3860 - 1,3890. This is basically a Kijun and Kumo retest strategy. Size up short in case Price breaks below trendline and the horizontal 1,3800 support.
Yesterday price broke down 1,3800-1,3810 support. As it has become short term a bit oversold (4 Hrs Slow Stoch turning up again), we may see a bounce back to 1,3820-1,3840 levels, where we can look for selling opportunity again.
If you added the Long term TL going back to 2008, which was breached, has now been retested from above. A weekly close below
that TL would be a start for accumulated USD strength imo. Until then, shorting from this level is more of a intraday trade, looking
for some target around 1,3780 area. There are some serious targets above 1,40 that may create another wave up before a deeper
drop. Not very clear right now.
You are right. Major trend reversal will take place after EURUSD breaks below 1,3720-1,3700 levels. But that is still 100-150 point that can be made on a short if the strategy works.
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