EURUSD recently broke major weekly support now turned resistance by retracing to the 38.2% of the last move down. It also broke the short term bullish trendline to the down side. All indicators are pointing down. Sentiment is bullish and I like to take the contrarian view to what retail traders are doing.
Not
My short was never triggered. My bearish view on EURUSD has not changed. The latest COT report shows that Non Commercials added 26000 shorts and closed 3000 longs, that further strengthens my bearish outlook.
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EURUSD is at a critical point I would suggest taking 50% of an move Stop to BE
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