EURUSD bullish bounce in a downtrend

16. Feb. 2023

I think that the EURUSD has more room to move to the upside in this megaphone but the primary trend is down. I'm not trading it to the upside but I'm looking or anything over the 50% line as opportunities to open short positions

16. Feb. 2023

Trade ist aktiv

Damn didn't even get a chance to recover. Entering a short position ahead of a break.

17. Feb. 2023

Anmerkung

Successful break of the megaphone. Technically its a success. But it is finding major support into the weekend. Media is pushing the Fed is not done and they are hawkish while the EU is acting dovish. This will strengthen the dollar.