EURUSD short - Supply Demand, Monthly Target
On EURUSD we got right now the possibility to drop lower. As I already explained you in the last analysis I do expect a bigger drop on EURUSD from the monthly perspective. WHY?
- because the market did not provide us a retracement to the 0.381 Fib Level. This is the minimum what we want to see after an impulsive.
The market is since then in a very complex correction because the market movers are trying to close all their positions.
Current Situation:
As we can see right now we are at a very strong Resistance Area. From here we have a good possibility to short EURUSD. Wait for the market to show some bearish sign before trying to short it.
What do you think?
- because the market did not provide us a retracement to the 0.381 Fib Level. This is the minimum what we want to see after an impulsive.
The market is since then in a very complex correction because the market movers are trying to close all their positions.
Current Situation:
As we can see right now we are at a very strong Resistance Area. From here we have a good possibility to short EURUSD. Wait for the market to show some bearish sign before trying to short it.
What do you think?
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