Vranken

EURUSD Technical Bearish Outlook

FX:EURUSD   Euro Fx/U.S. Dollar
~~~LOOK ON BIGGER TIMEFRAME CHARTS IN COMMENTS~~~

EURUSD             might have another leg down before making some upmove
after bouncing the Daily resistance or Monthly resistance.

My RSI shows me some more breath-space is available before
continuing downwards, also Fib. confims this.

At this page( http://fxbootcamp.com/cot-forex-data/ ) you can see, under euro             that the majority of traders are dramatically short(wich is the faded red line) against the traders who are long(wich is the faded grey line).
Vranken
2 years ago
Major trend reversal may still be in play but its to early to definitly tell as it is still trying to get up to the 200 DMA.

snapshot
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Vranken Vranken
2 years ago
Here to you can see on the RSI and MACD that it still has a downleg potential
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Vranken Vranken
2 years ago
How my Monthly channel got drawn.

snapshot
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