VasilyTrader

EURUSD: Time to Fall

Short
OANDA:EURUSD   Euro / U.S. Dollar

Based on my yesterday's analysis,
EURUSD reached a strong daily structure resistance .

The price was slowing down within a rising parallel channel
and after a short consolidation, its support finally went broken.

Now I expect a bearish continuation to 1.193

❤️Please, support this idea with a like and comment!❤️

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Comments

Super!
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Can i sell now
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VasilyTrader Faisalshams
@Faisalshams, I shorted on retest bro
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Are you also bearish on EURUSD?
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lmulhare VasilyTrader
@VasilyTrader, EURUSD has been in a bearish trend since the U.S. 10 Year Treasury Note interest rate went above 1% on 6/1/21. Its rise above 1.5% reversed a bull recovery on 25/2/21. On 31/3/21, EURUSD bottomed when the rate peaked at 1.1778%. As long as this rate falls & retail traders remain net short, I expect EURUSD to continue rising. Thanks Vasily :)
Reply
@lmulhare, thank you for comment bro!!!
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