A possible retracement on EURUSD

In our analysis from yesterday we shared with you why is not a good moment to sell.

Today we stay aside of EURUSD, and we're focused on other instrument with more potential.

Here we can see price slowing down and loosing strength in this downside move, which means we should be looking at a retracement pretty soon.

We're not expecting a full reversal, therefore we won't be looking for buying opportunities. A possible pullback would mean a good levels to sell again.

So be patient and don't rush into short trades right, especially if you haven't made any profits on this move so far.

Good opportunities require patience!