EUR/USD: Entering Into A Bear Market
EUR/USD reversed its direction and fell below 1.0800, reaching 1.0775, the lowest level in a week and closed under 200-SMA. Following an initial negative reaction to NFP data, the US Dollar experienced a significant rally and is maintaining its strength towards the end of the week.
WE ARE ENTERING INTO A BEAR MARKET. STRONG SHORT ENTRY SIGNAL
We have to Stop-loss or Take-profit when the price close above the Trend Magic Indicator!
WE ARE ENTERING INTO A BEAR MARKET. STRONG SHORT ENTRY SIGNAL
- The price closed under 200-Day Simple Moving Average
- The price is below Trend Magic Indicator and shows future bearish trend signal
- IG Client Sentiment shows strong bearish signal, because 72% of retail traders have open net long positions
We have to Stop-loss or Take-profit when the price close above the Trend Magic Indicator!
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