AlexanderPitt
Short

EURUSD - Potential Short

FX:EURUSD   Euro / U.S. Dollar
2 weeks ago we saw price break the bullish trend-line, creating a lower low. Last week we saw price retrace to retest this trend line .

In the coming week i think we will see price complete its test and then continue on its bearish trend to test the next major support.

Fundamentally, we have big US news this week, employment/unemployment rate & non-farm payroll. Employment & unemployment rates are predicted to be poorer than previous months. This may sway dollar sentiment to the bear side allowing the euro             to gain strength and compete the retest or even test the upper channel line.. Therefore, I recommend taking this trade once the retest has been completed and price closes below the recently broken Trend-line. risk to reward ratio is 5.05
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out