RaynLim

EURUSD-Weekly Market Analysis-May22,Wk4

Short
FX:EURUSD   Euro / U.S. Dollar
EURUSD is on a Bearish Trend. If the market retest and reverses at 1.0595 show that the market could have a strong continuance of the bearish run. If the market extends to 1.0730 and consolidates, it shows potential of a Bearish Deep Crab Pattern. I will then wait for the retest at 1.0730 and make sure there is an RSI Divergence before engaging the trade.

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