MarlzRana

EURUSD Short Coming Into Play Soon

Short
FX:EURUSD   Euro / U.S. Dollar
This is a simple setup. A simple high momentum move into an area of resistance and I expect a rejection of similar momentum of a higher price. Additionally, RSI indicates the market is way too overbought right now and 200 EMA does tell us that there is no change to an uptrend however this is a lagging indicator. Would look for a good entry point through a MACD crossover.
Comment: It worked out perfectly!!