EURUSD - short term long- long term shortsell retracements
This trade analysis is part of my diary. Please let me know if it was helful but also your suggestion for improvements. Like or comment would be great! Thank you!
EURUSD sell retracements. Pair has approached Yearly Pivot point and this triggered some buying power. I see weekly pivot point as a 1st target for sell entry and monthly R1 as second target for sell entry. On daily I believe that Stochastic need to finish upward cycle and the same applies for 1 h chart.
Overall EURUSD is quite bearish and we will see what the most volatile week of the month will bring us and what sentiment will be triggered after Yellen speech. I see more bears after speech and NFP and until then short covering.
EURUSD sell retracements. Pair has approached Yearly Pivot point and this triggered some buying power. I see weekly pivot point as a 1st target for sell entry and monthly R1 as second target for sell entry. On daily I believe that Stochastic need to finish upward cycle and the same applies for 1 h chart.
Overall EURUSD is quite bearish and we will see what the most volatile week of the month will bring us and what sentiment will be triggered after Yellen speech. I see more bears after speech and NFP and until then short covering.