U.S. Dollar / EuroShort
USDEUR short
Looking at how the market has behaved recently on where the market is at currently, i would advise to go short.
It has reached for the second time an important daily resistance level while making a lower high
The market has closed on Friday with a long upper wick which tells that the bulls are losing momentum against the bears and forming a bearish engulfing pattern
We have many confluences to reinforce our short belief.
To play it safe, have a risk reward of minimum of 2.
I will suggest to place your first take profit at around 0.9300 to play it safe.
Please Hit the like button and follow me on Instagram to have more market analyses; APastorFX
It has reached for the second time an important daily resistance level while making a lower high
The market has closed on Friday with a long upper wick which tells that the bulls are losing momentum against the bears and forming a bearish engulfing pattern
We have many confluences to reinforce our short belief.
To play it safe, have a risk reward of minimum of 2.
I will suggest to place your first take profit at around 0.9300 to play it safe.
Please Hit the like button and follow me on Instagram to have more market analyses; APastorFX
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