PairedAce6223

Simple EUR/USD Short analysis

Short
OANDA:EURUSD   Euro / U.S. Dollar
Simple analysis of EUR/USD pair. The pair has reached the strong downward trendline since 2008. Expecting a minimum pull back to 1.18-1.16 price area. The pair is also signalling strong, exhausted over-bought on multiple indicators. Further stimulus plan and vaccine news around the corner will strengthen the USD in the short-medium term. Watching the daily and the 4H time frame for the short entry point.
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.