EURUSD-Weekly Market Analysis-Feb21,Wk4

٢١ فبراير ٢٠٢١

EURUSD is not showing the clearest sign of the market movement, it can swing either direction, if to choose a direction to go, I will choose to short it, the reasons as follows
1) The candlestick forms within the sell zone
2) The daily chart close with a long wick above the candle
3) it is a weak bearish candle close on the 4-hourly chart, but it is still a bearish engulfing candle.

Breaking and closing below the previous low candle would prolong the bearish movement to 1.1981