kier.hetherington
Short

EURUSD - Short Opportunity

FX:EURUSD   Euro Fx/U.S. Dollar
34 0 1
Since May 22. price appears to have been contained within a bearish trend channel, with price reversing each time it has approached either trend line . However, from a macro perspective, EURUSD             has been moving within a bullish trend channel since the December 3. rate hike. Price appears to be approaching the lower trend line , as the macro perspective suggests it does. Would have to wait for a close on the 4HR within the micro trend channel. A close outside of this channel may suggest bullish movement. Trade looks valid on 6HR but bullish momentum appears to strong on the daily chart . SL to be placed around 1.19 with TP at 1.11, if price closes within channel line and shows signs of reversal.
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