Reasons to consider going short on EUR/USD - 1HR
1.) Price is coming to a major level of resistance as i've pointed them out with my yellow arrows.
2.) Strong rejection (wick) as price tried making new highs only to be pushed back down.
Overall trend has been bearish the past weekend and as price is breaking these level I think it's only a matter of time we see some small retracements.
1.) Price is coming to a major level of resistance as i've pointed them out with my yellow arrows.
2.) Strong rejection (wick) as price tried making new highs only to be pushed back down.
Overall trend has been bearish the past weekend and as price is breaking these level I think it's only a matter of time we see some small retracements.