EURUSD 4hour Analysis 5/24/20
EURUSD Short Idea
Higher timeframes are primarily bearish on this pair but on this 4hour timeframe we have seen significant ranging between 1.10000 & 1.07750
We have an active short on this pair as we saw a bearish transition take place near the top of the range.
The blue arrows are our trade projection and seem very likely based on strong bearish momentum and confirmations
The orange arrow represents the scenario where we see a bounce from the current level and a potential pullback toward a fib level where we could see another potential opportunity to short.
Higher timeframes are primarily bearish on this pair but on this 4hour timeframe we have seen significant ranging between 1.10000 & 1.07750
We have an active short on this pair as we saw a bearish transition take place near the top of the range.
The blue arrows are our trade projection and seem very likely based on strong bearish momentum and confirmations
The orange arrow represents the scenario where we see a bounce from the current level and a potential pullback toward a fib level where we could see another potential opportunity to short.
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