Euro / DollaroShort
EURUSD Bearish Trend Reversal
Highlights:
- EURUSD broke below the Head and Should pattern on the daily timeframe
- Price retest the resistance level
- Look for Short opportunity
Market Trend:
The trend turned into Downtrend by creating Lower High and Lower Low
Momentum:
MACD stays bearish on the Daily timeframe
Opinion:
Bearish bias, expecting more downside move on the upcoming week
- EURUSD broke below the Head and Should pattern on the daily timeframe
- Price retest the resistance level
- Look for Short opportunity
Market Trend:
The trend turned into Downtrend by creating Lower High and Lower Low
Momentum:
MACD stays bearish on the Daily timeframe
Opinion:
Bearish bias, expecting more downside move on the upcoming week
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