EURUSD 07/17/2020

EURUSD looks overextended at the moment, both on the 4 hour and 1 hour charts. Therefore currently looking for shorts.

Price has been unable to break the intraday high in blue, and is showing depletion in bullish pressure.

Currently looking for a break of structure and bearish momentum to provide some sell opportunities on the intraday high in blue, as well as a break and retest of
the grey mid-level so long as price shows clear direction and stays below that level.

There is a lot of opportunities on this pair currently (in my opinion) and we shall be monitoring the 1H, 15min and 5min as price trends.


Cheers.
Chart PatternsEURUSDTrend Analysis

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