EURUSD chart explains next week trading direction.
Who's like me who's confused of the current direction of EURUSD.
As a trend trader, I am interested into shorting the EURUSD because in weekly time frame, EURUSD has been a pretty decent downtrend. Current pullback is strong, however after Jerome Powell's speech on Friday, price couldn't go any higher than 1.16400. I see an opportunity to sell, and put my stop loss just above 1.16400.
Or we can just wait for price to break the uptrend, and position for a short trade.
As a trend trader, I am interested into shorting the EURUSD because in weekly time frame, EURUSD has been a pretty decent downtrend. Current pullback is strong, however after Jerome Powell's speech on Friday, price couldn't go any higher than 1.16400. I see an opportunity to sell, and put my stop loss just above 1.16400.
Or we can just wait for price to break the uptrend, and position for a short trade.
Transaction en cours
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.