EURUSD chart explains next week trading direction.
Who's like me who's confused of the current direction of EURUSD.
As a trend trader, I am interested into shorting the EURUSD because in weekly time frame, EURUSD has been a pretty decent downtrend. Current pullback is strong, however after Jerome Powell's speech on Friday, price couldn't go any higher than 1.16400. I see an opportunity to sell, and put my stop loss just above 1.16400.
Or we can just wait for price to break the uptrend, and position for a short trade.
As a trend trader, I am interested into shorting the EURUSD because in weekly time frame, EURUSD has been a pretty decent downtrend. Current pullback is strong, however after Jerome Powell's speech on Friday, price couldn't go any higher than 1.16400. I see an opportunity to sell, and put my stop loss just above 1.16400.
Or we can just wait for price to break the uptrend, and position for a short trade.
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