STILL ROOM FOR BEARISH MOVEMENT, EURUSD
AS YOU CAN SEE FROM THE CHART, THE EURUSD BROKE THE ABCD FORMATION AND ROSE TO 1.065
THE UPPER RESISTANCE OF THE ABCD THEN ACTED AS SUPPORT
CAN SEE A POSSIBLE PULLBACK TO CURRENT RESISTANCE BEFORE TESTING THE 1.035 SUPPORT AGAIN.
KEEP AN EYE ON THE US YIELD AND DXY, AS BOTH SEEM TO BE RISING SO IMPLIES THERE IS ROOM FOR MORE BEARISH MOVEMENT!
THE UPPER RESISTANCE OF THE ABCD THEN ACTED AS SUPPORT
CAN SEE A POSSIBLE PULLBACK TO CURRENT RESISTANCE BEFORE TESTING THE 1.035 SUPPORT AGAIN.
KEEP AN EYE ON THE US YIELD AND DXY, AS BOTH SEEM TO BE RISING SO IMPLIES THERE IS ROOM FOR MORE BEARISH MOVEMENT!
Order cancelled
The fomc minutes have added uncertainty to the rate rises and trumps economic plan. Not entering this short.Note
Opening a short now. After closing my long with a healthy profit.
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