TradingView
Trading2ez
Jul 1, 2022 6:17 AM

EUR/USD Likely to fall! Short

Euro Fx/U.S. DollarFXCM

Description

Hey tradomaniacs,

looking at EUR/USD I see a potential move down due to recent fakeouts with trapped buyers aswell as the absorption before (Market-depth).

AS long as risk-off continues we might see more dollar-strenght especially after that ridiculous statement by the ECB saying they dont see an upcomign recession as a likely scenario. (lul).

However, probably a good spot to short with a nice risk-reward-ratio.

Waht do you think?
More