EURUSD - Bearish shark to retest week high for Euro?
Same as Aussie, I am expecting one more rally for EURUSD this week before any further weakness.
I see a potential bearish shark completing at around 1.1340-1.1350.
We can either wait to short the shark or do a buy from C-D.
The C-D move will be riskier but comes with decent R:R.
For shorts after bearish shark is completed, SL has to go above XC 1.27, targets will be at CD 0.5 and 0.886.
Good luck and good trading!
I see a potential bearish shark completing at around 1.1340-1.1350.
We can either wait to short the shark or do a buy from C-D.
The C-D move will be riskier but comes with decent R:R.
For shorts after bearish shark is completed, SL has to go above XC 1.27, targets will be at CD 0.5 and 0.886.
Good luck and good trading!