MichaelTanguay

MichaelTanguay

Looks like the EURUSD is headed down. If it breaks past 1.135 it will fall much further through past support.

MichaelTanguay Updated 

IG sentiment looks at percentage of traders in a certain position. At the moment, the UJ sits at 60% long. The big banks play the opposite of this sentiment. In addition, it looks like the recent low retraced to resistance around 108.560. I will short if the UJ does not break the 108.560. Also looking closely at the trend channel which appears to be broken.