EURUSD chart explains next week trading direction.
Who's like me who's confused of the current direction of EURUSD.
As a trend trader, I am interested into shorting the EURUSD because in weekly time frame, EURUSD has been a pretty decent downtrend. Current pullback is strong, however after Jerome Powell's speech on Friday, price couldn't go any higher than 1.16400. I see an opportunity to sell, and put my stop loss just above 1.16400.
Or we can just wait for price to break the uptrend, and position for a short trade.
As a trend trader, I am interested into shorting the EURUSD because in weekly time frame, EURUSD has been a pretty decent downtrend. Current pullback is strong, however after Jerome Powell's speech on Friday, price couldn't go any higher than 1.16400. I see an opportunity to sell, and put my stop loss just above 1.16400.
Or we can just wait for price to break the uptrend, and position for a short trade.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.