Euro / U.S. DollarShort
(EURUSD) Euro has started the corrective move
I am expecting a further sell on EURUSD
reasons:
✔a breakout of the bearish trend
✔RSI divergence
✔ a strong resistance serving as new support for sell
✔ a complete 5 wave impulse structure must be followed by a corrective move to minimum of 38.2 fib level
reasons:
✔a breakout of the bearish trend
✔RSI divergence
✔ a strong resistance serving as new support for sell
✔ a complete 5 wave impulse structure must be followed by a corrective move to minimum of 38.2 fib level
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.