EUR/USD: Price in retracement , Pullback for USD | Short trade🔔

2022年8月1日

The EURO in the last sessions starts to recover its value after a long Bearish momentum, it's normal for the market to recover breath after a so-long drop. Generally, this can be interpreted as a retracement for the EURO and a possible Pullback for the USD. So, looking at the charts, we can see a strong trendline working on the timeframe H4 like resistance, and also the Moving average of 200 can be another obstacle for the price to go over. The Stochastic is close to going in overbought and this can be another signal to open a potential short trade. What do you think about it?