Description
⋅
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!)