Rayen_ak3

EURUSD short position

FX:EURUSD   Euro / US-Dollar
From a technical perspective, EURUSD was showing weakness after breaking a rising channel which is a bearish continuation pattern, price retested the mentioned channel with a bearish flag which gave us a clear sell entry.

Some profits were secured, however if prices managed to break bellow 1.0100 zone we may see more decline in prices targeting 1.0040.

From a fundamental perspective, the dollar index is showing strength as we may see more hawkish Fed decisions in order to fight inflation. Besides, news came from the US today @3:30pm showed higher than expected Retail Sales data.
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