EURUSD: I'm looking for short trades today.
EURUSD regarding the Long-term factors is still bearish and it's around a good discount!
Considering mid-term factors we are still bullish but a powerful bearish momentum could be observed.
In shorter term a bearish channel is formed and the linear regression channel is almost perfect. Short the pair around the red zone or in reverse to green zone after breaking the zone down.
NOTE: Consider German CPI news and don't trade against news in the early hours after announcement.
Cancel the trade if you see a big surprise in CPI today.
Considering mid-term factors we are still bullish but a powerful bearish momentum could be observed.
In shorter term a bearish channel is formed and the linear regression channel is almost perfect. Short the pair around the red zone or in reverse to green zone after breaking the zone down.
NOTE: Consider German CPI news and don't trade against news in the early hours after announcement.
Cancel the trade if you see a big surprise in CPI today.
entry: 1.025