EUR/USD:SELL From 1.0700 Area SHARK Pattern SHORT

Short

Euro / Dollaro (FX:EURUSD)

Aggiornato

FX:EURUSD Euro / Dollaro

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EUR/USD advances for the second session in a row on Monday and prints new multi-day highs in the 1.0700 neighborhood amidst the persistent selling bias around the US dollar.

After the solid bullish impulse of Friday, the price has now formed a reversal Shark pattern exactly on the 1.0700 Area.

The Stochastic indicator shows a Divergence and an overbought scenario. Our Idea is about a Bearish forecast with a mitigation of the price by the EUR.

Commento:

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