Johanes

EURUSD Bearish at 1.1340 Heading 1.1100/1.0800

Short
FX_IDC:EURUSD   Euro / U.S. Dollar
The weighted rate of EURUSD to EURJPY and EURCHF indicates that EURUSD unable to continue to bullish and the pair turned back to downward at 1.1340. The weighted trend of the EURUSD, EURJPY and EURCHF also indicates the limitation of their prices bullish interior their interest rate differential based-currency band based on Brownian motion stochastic. At such, EURUSD back to bearish for revisiting 1.1100 and may extended to 1.0800 in short term.

Short trade by single tranche is likely good, but interdays high to interdays low of their measured weigted rates at highs and lows seems to be more profitable for 50-150 PIPs per tranche.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.