Still Short on EURUSD

14 thg 11, 2019

It needs to be considered that EUR/USD has broken out before similar to what is happening today. While there was a short term bullish move today I do not believe that it will continue. We can see on the 4HR chart that at close a large rejection to the upside formed indicating a return downwards. We also see bearish divergence further indicating downside. I will be holding my short into the support marked by the blue line on my chart. Please feel free to comment on my thoughts