EURUSD Short the Resistance.
Updated
EURUSD has broken from a strong range, and currently is in strong downtrend with no clear indication with a leg up.
EU is now testing strong resistance level, and I doubt it can break this resistance area on first try, that's why I am going to short today EURUSD.
We still have EMA downtrend.
Bearish 1H close.
RSI is above 60, but holding on thin ice.
My take profit is around 1.1640 ( Around 30 pips).
Good luck with this trade!
Tibor
EU is now testing strong resistance level, and I doubt it can break this resistance area on first try, that's why I am going to short today EURUSD.
We still have EMA downtrend.
Bearish 1H close.
RSI is above 60, but holding on thin ice.
My take profit is around 1.1640 ( Around 30 pips).
Good luck with this trade!
Tibor
Note
Already 20 pips down since the post of analysis, another leg down expected.. Note
5m Chart in a Rising wedge.RSI double top.
MACD selling wave signals first selling tick.
Note
15m bigger picture.Trade closed: target reached
Trade closed at 1.16414 +30 pips!
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