A strong bearish move for EURUSD, its low risk and high returns. For all traders who shorted it, congrats! I personally missed the initiate movement of the pair, however, I managed to get in together with GBPUSD, which see a growth of about 8% for week 6 in my overall equity.
For week 5's analysis, we expected a bearish move for week 6, which happened in the end. However, even though the move was persistent, I am not entire confident that it would continue to do so for the whole of week 7. I am expecting some range movements in week 7 or week 8.
Therefore, even though the overall outlook still remains bearish, the very short term movement might not provide an opportunity to short just yet.
I hope all traders continue to make awesome profit in the coming week 7!
If you have any thoughts on EURUSD's movement for the coming weeks, please share them below, I look forward to learning and staying profitable together. Please help me like this analysis, and follow me for my weekly updates!
For week 5's analysis, we expected a bearish move for week 6, which happened in the end. However, even though the move was persistent, I am not entire confident that it would continue to do so for the whole of week 7. I am expecting some range movements in week 7 or week 8.
Therefore, even though the overall outlook still remains bearish, the very short term movement might not provide an opportunity to short just yet.
I hope all traders continue to make awesome profit in the coming week 7!
If you have any thoughts on EURUSD's movement for the coming weeks, please share them below, I look forward to learning and staying profitable together. Please help me like this analysis, and follow me for my weekly updates!
