$EURUSD BEARISH STANCE

Today we take a look at the EURUSD pair. Unlike my previous post (eurodollar), this is a short term bearish stance (4hr)
Justification:
Rejected from resistance
RSI nearing overbought status
MACD ready to correct
Bounced off top of Bollinger Band



This may also play out to be a good long term short for many of the same reasons
Justification:
RSI nearing overbought status
MACD already correcting
Bounced off top of Bollinger Band

Watching closely to enter a position




IKS