EURUSD Bearish Outlook

Hello traders:

Update and outlook on EURUSD higher time frame potential.

We see price has been pushing up since breaking the previous potential daily double tops area.

Now we see price action in lower time frame seems to slow down and start forming corrective structure.

This last strong sell impulse could be the start of this sell momentum to push price back down short term wise.

Since price now is potentially at another daily double tops area, I like to see price develop more here to confirm a short term bias down.

We could be seeing a potential right shoulder forming if we see price correctively move up, or a breakout from the structure and small continuation correction to go.

thank you

Yorum:

Yorum:

lower time frame correction confirmed, look for more sell setups down.