EURUSD: Money to be made both ways.
Although overall there heavy bearish pressure from the weekly and daily time frames, it's still possible to exploit oscillations of price.
My preference based on the evidence visible on the charts - mostly from the weekly, 3-daily and daily trends - is for the south. What that means is that smaller time scale trends will more likely oscillate within a bearish envelope. That doesn't mean that people can make money going long or short. It all depends on the smaller time frame exploited. I show that even 2H or 4H oscillations can be exploited.
Overall, I see bearish pressure predominating from the higher time frames over the next few weeks. But as always the markets are their to prove me wrong.
My preference based on the evidence visible on the charts - mostly from the weekly, 3-daily and daily trends - is for the south. What that means is that smaller time scale trends will more likely oscillate within a bearish envelope. That doesn't mean that people can make money going long or short. It all depends on the smaller time frame exploited. I show that even 2H or 4H oscillations can be exploited.
Overall, I see bearish pressure predominating from the higher time frames over the next few weeks. But as always the markets are their to prove me wrong.
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