EURUSD: Short Term Buy opportunity

From a technical point of view, the trend is bearish on intraday chart, but at the same time, the EURUSD pair could trigger an interesting corrective structure. That said, with a short-term bullish view, it is possible to build up long positions and try to let them run all the way to Target 1. Don't forget that the Big Bears still have open short positions. This idea is just tactical setup, the main trend remains bearish at least for now. From a technical point of view, we are still awaiting the formation of wave A. We will expand on this idea in our next analysis or update.

Trade with care.
Like | Share | Comment

Comment:

🔴 Trend is still bearish and a consolidation might form a harmonic structure on 1H chart. If this Pattern appears, wait for the first bullish leg (signal), look for a Reversal Pattern and try to take a small long position (if the trade is correct we will have time to add) on pullback.