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RobertSoos
Sep 18, 2018 5:48 PM

EURUSD - Weekly MA resistance - multiple failed breakut attempts 

Euro Fx/U.S. DollarFXCM

Description

Weekly 200 & 100 MAs' hold back EURUSD @ 1.1750 -> even if there will be a break I am not trading it in the first round, only after pullback. -> keeping my neutral slightly short EURUSD view.
DAily chart: not good enough risk-reward setups
Retail traders positioning: 55% short -> not skewed enough to serve as a counter-indicator
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