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Hello all,
I'm looking forward for EUR weakness to continue as I believable EUR was overbought and need some retracements. Also on ECB I expect it to be more easy than market expects and this rally was built on.
Chart :
Rising trend line is broken and price action looks bearish. MACD seemed like going to reverse higher but we have further downward continuation. 10 ma and 20 ma is broken.
My entry is below recent support consolidation, stop above recent price action and target first lows. I'm exposed on EUR with AUD and GBP position so I will watch market closely and will be ready to cover some positions to reduce my exposure.
Get some rest before trading week!
Cholia
I'm looking forward for EUR weakness to continue as I believable EUR was overbought and need some retracements. Also on ECB I expect it to be more easy than market expects and this rally was built on.
Chart :
Rising trend line is broken and price action looks bearish. MACD seemed like going to reverse higher but we have further downward continuation. 10 ma and 20 ma is broken.
My entry is below recent support consolidation, stop above recent price action and target first lows. I'm exposed on EUR with AUD and GBP position so I will watch market closely and will be ready to cover some positions to reduce my exposure.
Get some rest before trading week!
Cholia
