cns
Short

$EURUSD to the short side looking for #wedge break post #FOMC

FX:EURUSD   Euro / U.S. Dollar
Despite many market players calling for long $EURUSD positions and a recovery to 1.11/1.12, when we look at the hourly chart the recent trend remains downward with lower highs, but higher lows into this consolidation/wedge pattern. A continuation would be to be expected but should arrive soon and re-test the post #FOMC lows to confirm the the Medium Term downward trend. A move into the 1.11 area may signal some further gains so watch for the spikes.

Personally we will continue to sell rallies, what anyone else does is - as always - up to them! :)

Happy hunting!
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out