Warning for EURUSD SHORTS!! Could be a short term BULL.

Everyone is speculating EURUSD will take a nose dive. While this may be true, the US Markets are due for a slight pullback before heading lower. This could cause EURUSD to spike temporarily before heading lower. The weekly chart shows a failed head and shoulders pattern, with is a bullish sign. I too believe this pair will continue to fall, however I think it may rise and hit the SL for many looking to jump in.

I would wait for a close below the upper trend line, or a close below the lower trend line. For now I will mark this as bullish, but this is because of the small "pop" that I am speculating will take place.

-StampsFX
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