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EURUSD Short. Good R:R Short with Technical Confirmation

Short
Euro / U.S. Dollar (FX:EURUSD)  
TradingCocktail Updated   
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Volume Fundamental Analysis wyckoff EURUSD eurusdshort Contains image
7
2
trendanalysis volumestudies fundamental wyckoff eurusd eurusdshort containsimage
Fundamental/Sentiment Insight:

  • Nothing change fundamentally as ECB confirm that they will be more less aggressive than Fed.
  • USD will be strong across the board into the first Rate hike in March. (as per latest official comment)
  • Big change that ECB will not hike the rate this year.

    So we are still on strong bearish bias on EUR and Strong bullish on USD. Long term target for EUR/USD is 1.10000.

Trade active
Trade closed manually:
Profit taken.. good healthy pips

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