EURUSD: Potential weekly downtrend
I'm entering short here, rgmov doesn't agree with the recent rallying and we have one daily range expansion bar that failed.
There is a 16 week mode above, and quarterly, monthly and weekly range expansion resistance.
If this week closes under this mode, it will confirm a decline to parity, roughly.
Today the Fed statement seemed dovish to many, and there are a lot of euro bulls let loose.
I'm short and will wait patiently.
Good luck,
Ivan.
There is a 16 week mode above, and quarterly, monthly and weekly range expansion resistance.
If this week closes under this mode, it will confirm a decline to parity, roughly.
Today the Fed statement seemed dovish to many, and there are a lot of euro bulls let loose.
I'm short and will wait patiently.
Good luck,
Ivan.
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