FX_Trader_Analyst

Shy Bulls ahead of Aggressive Bears

Short
FX:EURUSD   Euro / U.S. Dollar
Wait for test and sell heavily Weekly - Monthly Pivot around 1.1 as current pin bar at Daily Pivot (1.0913) will drive this bullish move up until bears join long term bearish trend and defence 1.1 resistance level. Stop can be very conservative around 1.4 levels
1.1 will be also 50% Fib retracement level from previous move 1.11288 - 1.08472

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.