baldy

EUR/USD equal leg from 1.3710 rally

Short
FX:EURUSD   Euro / U.S. Dollar
1
Recent price down looks corrective, will buy at 1.3350 to the upside target at 1.38 - 1.44 (measured HS pattern )

Anyway I think the bull needs a break. Usually after three-five strong months rally, the 50 moving average will act like magnet pulling down the price.

RSI on daily chart has come below 70, maybe it'll find support at 60-50 then continue running.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.