Still Short on EURUSD
It needs to be considered that EUR/USD has broken out before similar to what is happening today. While there was a short term bullish move today I do not believe that it will continue. We can see on the 4HR chart that at close a large rejection to the upside formed indicating a return downwards. We also see bearish divergence further indicating downside. I will be holding my short into the support marked by the blue line on my chart. Please feel free to comment on my thoughts
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.