ShummusShah

STILL ROOM FOR BEARISH MOVEMENT, EURUSD

Short
FX:EURUSD   Euro / U.S. Dollar
AS YOU CAN SEE FROM THE CHART, THE EURUSD BROKE THE ABCD FORMATION AND ROSE TO 1.065

THE UPPER RESISTANCE OF THE ABCD THEN ACTED AS SUPPORT

CAN SEE A POSSIBLE PULLBACK TO CURRENT RESISTANCE BEFORE TESTING THE 1.035 SUPPORT AGAIN.

KEEP AN EYE ON THE US YIELD AND DXY , AS BOTH SEEM TO BE RISING SO IMPLIES THERE IS ROOM FOR MORE BEARISH MOVEMENT!
Order cancelled: The fomc minutes have added uncertainty to the rate rises and trumps economic plan. Not entering this short.
Comment: Opening a short now. After closing my long with a healthy profit.
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