A simple setup, we have a nice trendline resistance holding price at the 0.7860 fib retracement.
My long term bias is short here (and long the EURUSD). This setup can give as a clue about the next movement on EURUSD.
According to Hurst Cycle Analisis today is a BIG day, the USD will start a long term decline that will last hole next month. I dont know for sure.
Lets see, i will not trade this setup because im already trading other USD related pairs.
I will come back to this chart in a month.
Best Regards.
My long term bias is short here (and long the EURUSD). This setup can give as a clue about the next movement on EURUSD.
According to Hurst Cycle Analisis today is a BIG day, the USD will start a long term decline that will last hole next month. I dont know for sure.
Lets see, i will not trade this setup because im already trading other USD related pairs.
I will come back to this chart in a month.
Best Regards.