EURUSD bullish bounce in a downtrend
Updated
I think that the EURUSD has more room to move to the upside in this megaphone but the primary trend is down. I'm not trading it to the upside but I'm looking or anything over the 50% line as opportunities to open short positions
Trade active
Damn didn't even get a chance to recover. Entering a short position ahead of a break.Note
Successful break of the megaphone. Technically its a success. But it is finding major support into the weekend. Media is pushing the Fed is not done and they are hawkish while the EU is acting dovish. This will strengthen the dollar.
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.