UR USD Weekly analysis, there is two confirmation to sell,
1- Rejecting the 200 EMA
2- Price is at 61.8% FIB Retracement level
If price moves upward then good chance to stay short. Price will retest the vertical support and that area will serve further direction .
Stay Short:
Note: - Trading Forex on margin a high level of risk and may not be suitable for all investors. Past performance is not indicative of future results. The high level of leverage can work Against you as well.
1- Rejecting the 200 EMA
2- Price is at 61.8% FIB Retracement level
If price moves upward then good chance to stay short. Price will retest the vertical support and that area will serve further direction .
Stay Short:
Note: - Trading Forex on margin a high level of risk and may not be suitable for all investors. Past performance is not indicative of future results. The high level of leverage can work Against you as well.