m_haider

m_haider

hi, here is my take on EURUSD short, this a short term trade, on the back of a recent significant momentum upward trend . RSI indicator is showing a overbought couples with a shooting star candle stick condition may prompt a fall in price to longterm resistance level in the longterm at 1.2550. Potential to catch short term targets at 1.13102

m_haider

Possible short position upon reaching the 50EMA and 50SMA. TP would be around lower low around the trend line at the bottom. Factor supporting this is UK GOV release of umemployment figure, outlooks does not look promising according to ONS due to COVID19 Constructive feedback is welcomed.