EURUSD – Price pattern calls for shorting, but needs a trigger..
I think Euro bulls are no more eager to buy further, price action consolidating in an SHS_ formation.
MACD gives a good sell signal on 4H chart, but the price could not make its mind yet around EMA200.
This formation might be a good opportunity to take long-term short position. An event shall trigger the move, maybe today’s US CPI_ figures above expectation???
Euro wheel ride seems to have reached the top, it might be the time for the kids to come down. Mom waits for them around ~1.11.
MACD gives a good sell signal on 4H chart, but the price could not make its mind yet around EMA200.
This formation might be a good opportunity to take long-term short position. An event shall trigger the move, maybe today’s US CPI_ figures above expectation???
Euro wheel ride seems to have reached the top, it might be the time for the kids to come down. Mom waits for them around ~1.11.
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