EURUSD-Weekly Market Analysis-Feb21,Wk4
EURUSD is not showing the clearest sign of the market movement, it can swing either direction, if to choose a direction to go, I will choose to short it, the reasons as follows
1) The candlestick forms within the sell zone
2) The daily chart close with a long wick above the candle
3) it is a weak bearish candle close on the 4-hourly chart, but it is still a bearish engulfing candle.
Breaking and closing below the previous low candle would prolong the bearish movement to 1.1981
1) The candlestick forms within the sell zone
2) The daily chart close with a long wick above the candle
3) it is a weak bearish candle close on the 4-hourly chart, but it is still a bearish engulfing candle.
Breaking and closing below the previous low candle would prolong the bearish movement to 1.1981
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