EURUSD SHORT
Hello ,
We are awaiting for EURUSD to break ascending TL and continue on path towards 1,1300 level where it is expected to find support..
However if price manages to close higher and invalidate our Resistance line (Golden ) then we may expect bears loosing power and price may move higher , therefore Short trades are not advised.
To get maximum out of trend we will be staying short if entered till descending trendlines manages to hold and offer resistance to price movement towards downside.
We are awaiting for EURUSD to break ascending TL and continue on path towards 1,1300 level where it is expected to find support..
However if price manages to close higher and invalidate our Resistance line (Golden ) then we may expect bears loosing power and price may move higher , therefore Short trades are not advised.
To get maximum out of trend we will be staying short if entered till descending trendlines manages to hold and offer resistance to price movement towards downside.
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