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KaltoireCapital

EUR/USD Price Outlook|Bulls fail again

Short
Euro / U.S. Dollar (FX:EURUSD)  
KaltoireCapital Updated   
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Chart Patterns Beyond Technical Analysis EURUSD eurusdshort eurusdlong eurusdprediction eurusdforecast eurusdidea eurusdsignal eurusdtrade eurusdanalysis
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trendanalysis chartpattern beyondta eurusd eurusdshort eurusdlong eurusdprediction eurusdforecast eurusdidea eurusdsignal eurusdtrade eurusdanalysis
EUR/USD tried to rally yesterday but the bulls failed again. That further strengthens my long-term plan to keep selling the pullbacks in EUR/USD.
I expect price to reach 1.1060 over the course of the next few days and if the bulls can't defend 1.1060 then a drop to 1.08 is also possible.

So, the best way to trade EUR/USD is to sell it when price gets closer to the resistance level.

Comment:
30 pips drop already since the time I spotted and published this set-up

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