EURUSD-Weekly Market Analysis-Oct20,Wk1

4 באוק׳ 2020

EURUSD from the daily chart to the 1-hourly chart it's on a bearish trend. Right now on the 15-minutes chart the market it's on a sideways consolidation, one thing for sure a breakout or expansion is expected after the consolidation.

My bias for EURUSD is to look for shorting opportunity, so even if the market break and close above the sideways consolidation or better known as symmetrical triangle I'm looking to short at 1.1737 and it will be best if the market didn't break and close above the level.