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ForexWithTsanev

EUR/USD: Entering Into A Bear Market

Short
Euro / U.S. Dollar (OANDA:EURUSD)  
ForexWithTsanev  
OANDA:EURUSD   Euro / U.S. Dollar
Trend Analysis Technical Indicators EURUSD eurusdtrend eurusdprediction eurusdtechnicalanalysis eurusdshort eurusdsell trendmagic 200sma Contains image
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trendanalysis indicator eurusd eurusdtrend eurusdprediction eurusdtechnicalanalysis eurusdshort eurusdsell trendmagic 200sma containsimage
EUR/USD reversed its direction and fell below 1.0800, reaching 1.0775, the lowest level in a week and closed under 200-SMA. Following an initial negative reaction to NFP data, the US Dollar experienced a significant rally and is maintaining its strength towards the end of the week.

WE ARE ENTERING INTO A BEAR MARKET. STRONG SHORT ENTRY SIGNAL

  • The price closed under 200-Day Simple Moving Average
  • The price is below Trend Magic Indicator and shows future bearish trend signal
  • IG Client Sentiment shows strong bearish signal, because 72% of retail traders have open net long positions

We have to Stop-loss or Take-profit when the price close above the Trend Magic Indicator!




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