Price retesting broken resistance and 200SMA. It is a good level for a short with great risk-reward. Target 1 at 1.16, the previous low. The best option is to find a reverse pattern at 200SMA on the smaller time frame.
If price breaks and closes above 200SMA, then the short option could be gone.
So far, we are seeing USD starting to get messy with upcoming elections and debates already started. So fundamentals are a bit messy right now.
Please support the idea and share your thoughts on EURUSD!
Good Luck and Stay Healthy!
If price breaks and closes above 200SMA, then the short option could be gone.
So far, we are seeing USD starting to get messy with upcoming elections and debates already started. So fundamentals are a bit messy right now.
Please support the idea and share your thoughts on EURUSD!
Good Luck and Stay Healthy!