FX_IDC:EURUSD   Euro / U.S. Dollar
7
The dilemma called EURUSD. I started establishing short at the touch of the trendline R as noted last week. Weekly and daily topped showing low prices ahead going forward. But since market movement is seldom linear, I am looking up to 4hr chart to add to my short.

Overall, EURUSD might try another shot at above 1.14+ per 4hrs chart. In such scenario, I will add more.

Using EW analysis, one can argue that we are at w4 of W5 with one final push coming. But I will not chase that w5 of W5 per R:R.
Keeping fingers crossed on this one
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.