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Jabest
Nov 14, 2017 11:50 PM

EUR/USD Short Opportunity Short

Euro Fx/U.S. DollarFXCM

Description

This may be a good short entry for E/U.

Contrary to popular belief, the DXY has not closed below 94. DXY futures predict that but the real DXY is still holding the inverted head and shoulders for a re-test. Any momentum should see the USD skyrocket and then in this case E/U would drop.

This 15 minute chart shows the break of a trendline and a double top so if it closes below the lower zone it's a good entry for a short back to at least the 1.173-1.174 area to re-test the 4-hour downtrend. Possibly a great entry for a long-term short. Tomorrow's news should let us know.
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