EUR/USD Weekly Forecast (27th July - 31th July) Short

Euro Fx/U.S. DollarFXCM

Description

⋅ Jul 26, 2020 5:50 PM

I see a swing trading opportunity on EUR/USD. The price has reached a weekly trend line and we have been moving upwards without correction for a long time. If an engulfing pattern or a doji appear on the trend line, opening a short trade promises a great Risk-Reward ratio.

Order cancelled

⋅ Aug 2, 2020 1:05 PM

Comments

HECTORVELEZ1979

⋅ Jul 26, 2020 5:59 PM

also overbought may be a factor to consider

themoneyking

⋅ Jul 27, 2020 11:54 AM

I agree it’s been over bought for to long. Also the US stimulas package news should bring it down