EURUSD Is Very Bearish! Short!

21 Ara 2024

Take a look at our analysis for EURUSD.

Time Frame: 30m
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish

The market is approaching a significant resistance area 1.042.

The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.040 level.

P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.

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23 Ara 2024

Not

I evaluated the trade and decided to keep it running!