The EURUSD was corrected higher last week and traded back above 1.3000. The bias is bullish in nearest term testing 1.3100/20. However as long as stays inside the bearish channel I still prefer to sell on rallies. 1.3100/20 seems to be a good place for a short position with a tight stop loss. A clear break and daily close above 1.3100/20 will be a threat to the bearish scenario as price might be looking for a new major trend while nearest term bias would remain bullish. On the downside, we need a clear movement at least back below 1.2950 to keep the bearish scenario remains strong testing 1.2875/40 or lower.
After the monstrous weekly candlestick of the past week, bearish gap tonight at approximately 1.3085.
Vendors who held bravo, as buyers hope they were not too many.
I tried the mega pyramid I have 120 batches Average Rate 1.3182 0 stop. I count up to 200.
If we can target 1303, 1295 or 1.28 what do I know, let’s go. Everything will depend on news to come.
My graphically is that I post for 10 days, we so down in the red zone so short.
