EWForecast
Short

Euro Short Setup

FX:EURUSD   Euro / U.S. Dollar
410 3 10
Euro             has been trading within a large range inside monthly Bollinger Band since 2008 crash. It has never touched the upper bollinger band until two months ago. Today it retests the upper bollinger band again at 1.389. We can also see two TL resistance at this level. It's unlikely Euro             can rally much further above TL resistance without significant correction first.
I am looking at different technical indicators and also arrive to the same conclusion.
Any feedback? Btw i'm short EURUSD - 100 pips profit already.
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Indeed, great post, I concur.
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Great post
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