Ethan_FX
Short

Short EUR/USD

FX:EURUSD   Euro / U.S. Dollar
I have identified a good entry point here for a short position on EUR/USD . A big resistance has been touched as news broke yesterday which wasn't good for the USD across the board. I predict this to reverse by the end of the day to the previous resistance which will become support. You can see the market reject the resistance at 1.09918 with a nice bearish engulfing candle. Also the resistance was hit with a high velocity movement which could indicate a reversal is ahead!

Any ideas on this let me know!

Comments

Thanks for sharing this.

I think EURUSD will drop soon, lets see what happens :)
+1 Reply
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