EUR/USD short and long term view.
EUR/USD has been bearish for quite some time now. Price even managed to hit parity. What's next? ...
Curently the market is still consolidating, but it seems like the buyers might be a tiny bit stronger... atleast for now! Price is at a very important resistance area, where plenty of sellers are hanging out. Will we see a spike through the roof before further bearish continuation? Or is this short bullish orderflow strong enough to start a major market reversal?
let's wait and see what this week brings us!
*ALWAYS TRADE WITHIN YOUR RISK PARAMETERS!!!*
Curently the market is still consolidating, but it seems like the buyers might be a tiny bit stronger... atleast for now! Price is at a very important resistance area, where plenty of sellers are hanging out. Will we see a spike through the roof before further bearish continuation? Or is this short bullish orderflow strong enough to start a major market reversal?
let's wait and see what this week brings us!
*ALWAYS TRADE WITHIN YOUR RISK PARAMETERS!!!*
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