Pip.Gawd

EU - Retracement before further downslide

Long
FOREXCOM:EURUSD   Euro / U.S. Dollar
Expecting this pair to retrace for a short period of time until it gets back into the 1.1730 area, where I am expecting the pair to then turnaround and continue its downward path, keeping the head and shoulders pattern on the daily still in play. Retail sentiment is also ripe for a short term long position as well. Be aware of heavy USD news this week with FOMC on Wednesday and NFP on Friday.

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.