Euro / Dollar ASPenjualan
EUR/USD: more drop inbound or is it enough?
The price is consolidating and possibly forming a top at the area of the upper boundary of the formed descending channel. The question is, will the price be able to reject this zone and drop, or the EUR will gain strength and start impulsing to the upside. Either way, we do not predict, we react.
Although our current bias is bearish, we will closely monitor the price action round this level before making our decision. If the price manages to reject this zone, we are gonna look for short positions. On the contrary, if the price manages to spike above this level, we will change our bias and look for potential long positions upon some confirmations.
Although our current bias is bearish, we will closely monitor the price action round this level before making our decision. If the price manages to reject this zone, we are gonna look for short positions. On the contrary, if the price manages to spike above this level, we will change our bias and look for potential long positions upon some confirmations.
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