EURUSD there still room for an upward trend?

25 Feb 2023

The strength of the US dollar index has exceeded people's imagination, and non-US currencies have also experienced a long-term decline. From the 4-hour chart, the current market is still in a downward trend, and there is no sign of a rebound yet. Therefore, a rational analysis is necessary. Although there may be a small upward trend in the short term, the market is still expected to continue to decline. It is better to wait for the bottom to form before entering a long position, as there will be a good rebound opportunity.

So, what should friends who hold long positions do? Personally, I suggest a lock-up operation, which allows you to capture the profit from the decline and wait for the bottom to form before entering a long position. This not only helps to recover some losses but also provides an opportunity for profitable exit.

I will update the final operation strategy in a timely manner for my friends to refer to. I hope this will be helpful. If you have any questions, please leave a message and I will provide you with the most reliable advice. Your attention and likes are the driving force for me to continue updating.