EURUSD Pullback into Long Term Shorts

27 Sep 2022

EURUSD has officially broken and closed below the Consolidation range (.9960-1.0012) signaling Strong Bearish momentum on the Big Picture. Having made strong push all the way down to 0.9570 (Levels not visited since November 02) I see this as a continuation of the overall move to the downside. A strong bearish candle on the previous Daily close completed a Daily Supply Level at around .9820. This would be a level of interest to re-enter on a SELL Position with a target of at least 0.9600. I would be looking to get into BUYS and ride the Pullback if I get a strong close above 0.9600. Targets to downsize position would be 0.9750 and 0.9850.