EURUSD currently in consolidation phase, however offering a good short position setup. From weekly perspective its clear that price is struggling to go higher as it hits the strong supply zone where sellers were extremely strong at the end of 2014. Another important factor is that we are approached the strong monthly trend line which is unbroken since 2008. From daily chart there is a visible triple top already formed and buyers seems to be exhausted. My prediction for next weeks/months is bearish sentiment and best time to build short positions might be now.
Entry: current market price or limit at 1.24000
SL: 1.25000
PT: 1.21000 or 1.18000
Entry: current market price or limit at 1.24000
SL: 1.25000
PT: 1.21000 or 1.18000