Euro / U.S. DollarShort
EURUSD Daily Analysis 5/3/20
EURUSD Short Idea
This pair formed the retest we wanted to see at the 1.10000 level
From here we have potential for 1 of 2 scenarios:
1. Price action breaks resistance and begins the start of a bullish trend.
2. Price action forms strong bearish setups in line with the overall bearish trend and makes a push lower. Look to target lower toward our monthly support around 1.06000
This pair formed the retest we wanted to see at the 1.10000 level
From here we have potential for 1 of 2 scenarios:
1. Price action breaks resistance and begins the start of a bullish trend.
2. Price action forms strong bearish setups in line with the overall bearish trend and makes a push lower. Look to target lower toward our monthly support around 1.06000
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