alan3cA
Short

EURUSD - Weak rally emphasises bearish bias

FX:EURUSD   Euro / U.S. Dollar
The backdrop to EURUSD remains dominated by Thursday’s aggressive decline. Price action yesterday was muted with limited movement in range and net direction. This kept EURUSD under Thursday’s Marabuzo line and the 13 day mvg avg without attracting significant fresh selling interest. This means that today’s signals are weak but given the underlying bearish bias, we are square from the open but look to Sell below 1.1588 (Stop 1.1645, Asia’s high) or 1.1687 Rally, the 13 day average (Stop 1.1744). Targets below 1.1588 are 1.1543, last week's low, and 1.1510, May’s bottom.
Trade active: Shorts reduced near 1.1560. Stop to entry
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Help Center Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out