Euro / U.S. DollarShort
Weekly Market Analysis: EURUSD
A full streak of a bearish trend on the daily chart, 4-hourly chart, and 1-hourly chart on EURUSD.
A likelihood of a bearish run after a potential retracement from the current price or a wait of double bottom when the market retest on the purple line would be joyous to countertrend trader.
Most likely I'll be waiting for a double bottom to head in the trade by my countertrend trading nature than to shift stops to entry when market approach the next resistance level and prepare for a longer-term shorting opportunity.
A likelihood of a bearish run after a potential retracement from the current price or a wait of double bottom when the market retest on the purple line would be joyous to countertrend trader.
Most likely I'll be waiting for a double bottom to head in the trade by my countertrend trading nature than to shift stops to entry when market approach the next resistance level and prepare for a longer-term shorting opportunity.
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