In last week's session we saw the EURUSD pair had a strong 1 week from 1.1736 to 1.1926 and created together with the next 2 weeks a pair of bullish reversal candles in the short term. For a trend to be called sustainable, it usually tends to go down and back to move up, and so in my opinion. We will sell short and wait for a buying opportunity on this pair.
- Switching to a shorter time frame rather than the daily chart, we can see that in the last 4 trading sessions the EURUSD pair is fluctuating in a narrow range from 1.1919 - 1.1870 combined with the above judgment, in my opinion. The high potential from here on the EURUSD pair will have a slight downside correction.
- The safe target of this correction is around 1.1865 and expected to be around 1.1846. Here we liquidate the order and wait for the next buy signal.
(Currently EU prices are 1.1890)
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