🏛EUR_USD BEARISH BIAS|SWING SHORT🔥

22 במאי 2021

🏛EUR_USD has been trading in a bullish trend for some time now
But the move has visibly lost momentum lately
And has stalled following the failure to break a horizontal resistance
As you can see, the pair is trading in a local narrowing wedge
Which is also a bearish sign, and thus I am bearish on EUR-USD mid-term
I think that on the opening session we might see a move up to retest the resistance one more time
Followed by the breakout of the wedge to the downside
And a bearish move towards the nearest support
SHORT🔥

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