TradingView
Xpressforex
Feb 7, 2021 8:48 PM

DON'T MISS THIS OPPERTUNITY - EURUSD Short

Euro Fx/U.S. DollarFXCM

Description

We will be looking to Sell EURUSD!

The first indicator we used was the Fibonacci Retracement. We can see price has reached the 'Golden Zone' after a Bullish finish to the first week of February.

However, the Stochastic indicator is also pointing towards a sell off. You will notice the market has been extremely overbought.

Lastly, you will notice price broke the descending trend on Friday afternoon, I believe we will see price retrace back to the trend before the market move Bullish.
More