Many Reasons to go short on the EUR/USD next few weeks
Where to start?! So many reasons to go short on the EUR/USD now:
- nice pin bar at top of daily channel
- into overbought territory on Stoch RSI
- Cloud weight heavily above price, going to continue to push down
- any interest rate cut the USD does, will not outweigh the cuts and economies in Europe
- Fib retracement hit perfectly from previous wave.
- plus Fib retracement and high barely touched the tough 1.1100 level
- chandelier was touched and acting as price ceiling
Need i say more? look for a good lower timeframe set up to sell this week and hold for a while.
- nice pin bar at top of daily channel
- into overbought territory on Stoch RSI
- Cloud weight heavily above price, going to continue to push down
- any interest rate cut the USD does, will not outweigh the cuts and economies in Europe
- Fib retracement hit perfectly from previous wave.
- plus Fib retracement and high barely touched the tough 1.1100 level
- chandelier was touched and acting as price ceiling
Need i say more? look for a good lower timeframe set up to sell this week and hold for a while.