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GIgor_021
Jun 16, 2020 3:36 PM

EURUSD: possible short scenario Short

Euro Fx/U.S. DollarFXCM

Description

The main fundamental risk is continuation of the risk-on in equities, otherwise we can expect another strengthening of the dollar, which proved to be a risk-off instrument.

From techincal POV:
-H&S chart pattern
-RSI divergence

Joining EURUSD bears from around 1.1262 price with S/L above 1.1360 and T/P around 1.1000 level provides decent R:R.

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Make your own analysis before entering position.

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