justatrader
Short

EURUSD, if you're not short, you are a bit late to the party

FX:EURUSD   Euro Fx/U.S. Dollar
584 3 8
Early last week while EURUSD             was attempting to threaten 1.1 level, it was in fact giving a very nice bearish signal.

1. Bearish flag: Occurrence of this is potentially signaling the end of consolidation. The downside target to 0.995 is the minimal/conservative target
2. There is no point to enter short now, unless you know what you are doing. EURUSD             is fast approaching 1.04878 - 1.04936. This could be a critical level and a break below this could see bulls give up and accept EURUSD             parity.
3. A break below 1.049/05 will see a nice gradual drift to 1.

If you want to short EURUSD            
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Hope that price will retest the break out level near 1.07303
Professional market analyst with a keen interest on futures. Love keeping an eye on the markets. Currencies, bonds, commodities. Combining technical analysis and the fundamentals. Contact me for more details.
prompik
2 years ago
long !
Reply
cybr
2 years ago
I think price will bounce off 100% and test neckline of double tops, so I'm betting LONG.
Reply
omarecd
2 years ago
Nice
Reply
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