EURUSD: The Short Opportunity Most Are Ignoring
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Watch today’s EURUSD video, get the charts, and read the analysis:
https://dailypriceaction.com/setups/eurusd-short-opportunity-most-ignoring/
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_________________ CHAPTERS _________________
0:00 $7k offer
1:08 EURUSD 39-year trend line
2:13 EURUSD monthly chart
4:43 EURUSD daily chart
6:07 EURUSD 4-hour chart
8:14 Daily supply zone
8:58 4-hour trade plan
_______________ EURUSD Forecast _______________
I wrote about a 39-year EURUSD trend line on March 27th.
The pair fell below the 12-month trend line in 2022 and has tested it as new resistance in 2023.
For this reason, I continue to be macro-bearish on the EURUSD.
I’ll only flip bullish if euro bulls can reclaim the trend line above on a monthly closing basis.
But as long as the EURUSD remains below the 1.1100 region on the higher time frames, I favor looking for short opportunities.
Last week’s fakeout above 1.0950 played out perfectly on Friday.
Those who watched last week’s video could have shorted EURUSD on the first 4-hour close below the 4-hour trend line and caught a nice 85-pip selloff into the weekend.
Get the full analysis here:
https://dailypriceaction.com/setups/eurusd-short-opportunity-most-ignoring/
*None of this is meant to be construed as investment advice, it’s for entertainment purposes only. Links above include affiliate commission or referrals. I’m part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
#forex #DXY #EURUSD
