As indicated on my previous EUR/USD idea (that's still currently open), I remain short EUR/USD given the technical aspect of things are still valid.
Divergences are still in play along with a rising broadening pattern and the fact that we're trading at the yearly R3 level (which is rare).
I suspect we will have some volatility with the ECB press conference tomorrow, so that should get things moving hopefully in the bearish direction. If we begin trading aggressively above 1.1800+, that will invalidate the short idea overall.
If we roll over, I'm still looking for 1.13000 - 1.12000 as the target range for Q3 going into Q4.
We'll see how this all develops.
As always, Good Luck & Trade Safe!
Divergences are still in play along with a rising broadening pattern and the fact that we're trading at the yearly R3 level (which is rare).
I suspect we will have some volatility with the ECB press conference tomorrow, so that should get things moving hopefully in the bearish direction. If we begin trading aggressively above 1.1800+, that will invalidate the short idea overall.
If we roll over, I'm still looking for 1.13000 - 1.12000 as the target range for Q3 going into Q4.
We'll see how this all develops.
As always, Good Luck & Trade Safe!
•NYC Trader since 2008
•Need Help Trading? internaltrader.com/helptrading
•Need Help Trading? internaltrader.com/helptrading
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
•NYC Trader since 2008
•Need Help Trading? internaltrader.com/helptrading
•Need Help Trading? internaltrader.com/helptrading
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.