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ToshihiroHiramatsu

EURUSD short to weekly demand 1.118

Short
Euro / U.S. Dollar (OANDA:EURUSD)  
ToshihiroHiramatsu Updated   
OANDA:EURUSD   Euro / U.S. Dollar
Trend Analysis Technical Indicators Chart Patterns EURUSD EU euro short Forex
4
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trendanalysis indicator chartpattern eurusd eu euro short forex
EURUSD is overbought on all timeframes - M30, H1, H4, H12 and D1. FSVZO (advanced oscillator with predictive mechanism) leading indicator signals incoming reversal to downside. Weekly demand lies at 1.118.
Comment:
Hedge funds have also added more shorts in the latest CFTC COT report (67% short vs 54% in the previous week). This supports the idea that EURUSD is likely to face selling pressure in the upcoming few days to weeks.
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