channel-man
Short

Bearish signs for EURUSD

FX:EURUSD   Euro / U.S. Dollar
Bearish momentum on EURUSD

- in steep descending channel
- resisted all MAs
- RSI and MACD bearish

Next target is that it will be supported by the longer term previous yellow channel - alternatively it will go to the grey support area

Let's see!! Let me know what you think!

Comments

I completely agree, the New COT data for non commercials also shows 2.5k shorts added and 3k longs closed on eurusd :)
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channel-man transparent-fx
@transparent-fx, thanks for the interesting comment!! Which source do you use for COT data?
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