EURUSD - Short term long but ultimately a massive short play

6 ביולי 2018

Messy daily and weekly price action but patience is key here. Look to the longer time frames for clarity. There's no sense in going long now when the better value may be waiting for confirmation that we're out of this chop and headed higher. But any gains in the Euro will be short lived I believe. The higher times frames like the quarterly and 6 month chart look extremely bearish so any Euro gain we see is just better value to take short later. Everyone would like to see a H&S pattern but I'm not sure if we'll ever get there. Maybe NFP will get price moving but definitely keep an eye on this pair! See my longer time frame charts below for additional clarity.