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Mihai_Iacob
Aug 23, 2022 7:29 AM

EurUsd- Don't be fooled by the rebound! Short

Euro Fx/U.S. DollarFXCM

Description

I'm bearish EurUsd and also in my yesterday's comment I draw attention to the high probability of a drop under parity.
Indeed, we had this drop and now the pair is hovering around 0.99.
Of course, a rebound is possible and probable from this point on, but don't confuse this with a genuine reversal.
Instead, use this correction for opening short trades and join this grossly bearish trend.
In my opinion rallies towards parity and slightly above should be sold and only EurUsd back above 1.01 would delay this bearish scenario.
Even is hard to believe for some, we should get used to a stronger USD for the medium to longer term.



Comments
Vibranium_Capital
keep up the good work friend
Mihai_Iacob
@Vibranium_Capital, 👍👍👍
TheNewsCrypto
Perfect
Mihai_Iacob
JoeChampion
I agree, my bias are super bearish!
Mihai_Iacob
CREDI_new_rocket_for_the_moon
To all the shorts, happy losses.
KlejdiCuni
It looks like a very good scenario. Thanks for sharing
AIRFOREXONE_
perfect I see more downside
Mihai_Iacob
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