On 4 hour EURUSD chart, last two very long 4 hour Bearish candlesticks, have went down to two week lows. This pair, in my opinion will be continuing to drop down and/or consolidate for remainder of this month and into September too.
I will be look to bearish side to trade, with longer term time frame trades. This is related to high volume and volatility of this pair at this time. Please look at RSI, until noted yellow triangle area is broken to upside will be trading puts. This pair ended week being very oversold (to many sellers) but not enough buyers. This means that bulls will peek their heads out some next week, but bears will push them back down (related to having control at this time). Good Luck & Stay Safe.
I will be look to bearish side to trade, with longer term time frame trades. This is related to high volume and volatility of this pair at this time. Please look at RSI, until noted yellow triangle area is broken to upside will be trading puts. This pair ended week being very oversold (to many sellers) but not enough buyers. This means that bulls will peek their heads out some next week, but bears will push them back down (related to having control at this time). Good Luck & Stay Safe.