To be honest, last years Eurodollar has a very bad chart for analyze. Lots of sideways corrections, and no clear trend. I was looking on big timeframe for a long time. For now I’m having this idea. I’m sure it won’t go down until there will be one move up, but this up move won’t be big :). I will show entry point for short which I will use in the next idea. For now on the macro - we still in the correction phase. W, X are ready, now - Y. Last leg. Wave C down which will be an impulse. An interesting coincidence in time with the coronavirus, like oil.
ONCE AGAIN: I strictly do not advice to short eurusd right now.
ONCE AGAIN: I strictly do not advice to short eurusd right now.