EURUSD for short in a long term.
I have to say, this pair did hurt me a lot yesterday. Because m a bearish trader...
Now, as we can see from the chart, is has come to a intensive trading zone and 0.382fib retracement position in H4 chart(1.09600-1.09700). I think this rather strong a resistance. However, if this pair break out upward, the resistance will be 1.10050.
From the long-term aspect, I still believe this paid is in a bearish trend!
I have to say, this pair did hurt me a lot yesterday. Because m a bearish trader...
Now, as we can see from the chart, is has come to a intensive trading zone and 0.382fib retracement position in H4 chart(1.09600-1.09700). I think this rather strong a resistance. However, if this pair break out upward, the resistance will be 1.10050.
From the long-term aspect, I still believe this paid is in a bearish trend!
