Eurusd possibly Ending Major Correction

FX:EURUSD   Euro Fx/U.S. Dollar
It's not yet time to trade it, but definitely to watch it: the Eurusd             may actually be about to end its weekly correction. Considering that the monthly is in a downtrend, a continuation of this downtrend may unfold on the weekly soon.
Short from here is very risky .. eu has all supports below . so what about short now I have no idea
still have to wait more before we get a good short entry. agree with your support below comment. must break 1.10 before selling imo.
kwaziphungula fractal_trader
I have just completed an analysis on the same EURUSD Weekly timeframe on
EURUSD Forecast : Long Continues
which is a continuation of the earlier I had posted. If you short the EURUSD on a long term basis it could be a problem. However there will be plenty of short opportunities on a short term basis along the trend.
+1 Reply
fractal_trader kwaziphungula
I dont agree with this as you have seen in my analysis :) That doesn't mean EURUSD cant go higher before it continues on its downtrend which is the overall trend direction. All we've seen throughout most of 2015 and so far 2016 was corrective moves inside the monthly range.
waiting is a good safety strategy ... Short is a suicide .. eu is on buy area on weekly support .. so keep waiting Best of luck
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