The Euro/US Dollar structure still looks very bearish.
It may be off the short term-bottom following the rate announcement
by the ECB but I cant see the positive sentiment lasting.
Resistance currently stands at round 1.0155 and then 1.0360.
At these levels I feel that appears to be a good point to go short again.
MACD on 4hr and daily presently positive.
So, short-term a LONG EUDUSD for potentially 200 pips
It may be off the short term-bottom following the rate announcement
by the ECB but I cant see the positive sentiment lasting.
Resistance currently stands at round 1.0155 and then 1.0360.
At these levels I feel that appears to be a good point to go short again.
MACD on 4hr and daily presently positive.
So, short-term a LONG EUDUSD for potentially 200 pips
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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.