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bruceyam

Short EUR start

Short
Euro / U.S. Dollar (FX:EURUSD)  
bruceyam Updated   
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Wave Analysis
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trendanalysis waveanalysis
Investor start take profit in EUR means consolidation should be started, the net long position in EUR is in multi-year high.
Overbought and 1211 pips rally should make EUR head for South. the rally for the EUR has finished a 5 wave rally
Comment:
it already down another 100 pips and the stochastic is still in high level, we should anticipate more downward moment and the long position is going to upwind.
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