VasilyPonomarev
Short

EURUSD: What to expect next week???

FX:EURUSD   Euro / U.S. Dollar

hey traders,

though this week was very bullish for EURUSD
I think that the market leaves clear clues that it is overbought and needs a pullback.

you can notice that on 4h chart we have a sequence of two rejection candles in conjunction with
RSI divergence and resistance of a rising channel .

For this reason, I think that the market may retrace to a lower boundary of a channel,
and only from that point, we will see a bullish continuation.

for now, bias is bearish and it is completely reasonable to short the pair with your targets based on:
1.102
1.100

or

set your alert on 1.1 level and look for a signal to buy the pair !:)

good luck and, please, support the idea with like!)



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OJ's White Bronco couldn't agree more
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I agree with you. Nice analysis.
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Very nice set up, clean or reasonable. Thanks.
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@PLFX89, thank you!)
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Liked your idea. I was planning to short too.
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@cMechanics, good luck my friend !
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Good job
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@daviddike91, thanks bro
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We short it with targets to 1.08 xD
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VasilyPonomarev MatthiasTaey
@MatthiasTaey, good Matthias!
Good job!
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