EUR/USD to 1.0940 next week? A bearish perspective
Hello traders, EUR/USD has been on a uptrend fueled by some low-volume
buying. Next weeks, when the big boys finally return to the markets and the
trading volumes go back to normal, there might be a possibility that this
entire move is faded.
I have sold EUR/USD@1.1120 and I believe we could see a 100 pips fall
next week. Technically, the next resistance for EUR/USD liest at 1.1265
level.
My advise to you is to trade wisely and apply proper money management.
buying. Next weeks, when the big boys finally return to the markets and the
trading volumes go back to normal, there might be a possibility that this
entire move is faded.
I have sold EUR/USD@1.1120 and I believe we could see a 100 pips fall
next week. Technically, the next resistance for EUR/USD liest at 1.1265
level.
My advise to you is to trade wisely and apply proper money management.
Note
Dropped 40 pips since I postedNote
As expected price is now very close to my target
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.