As you all know I trade exclusively eur/usd. But some of the times GBP/USD.
Today eur seems to be at the edge of a Decending weekly trendline. Here is a pic.
I'm watchng closely for a close below or above this line. This will tell me the future direction of the eur for this month or so. Hoping for a shortside. Have not shorted as of yet. But may short this Today OR tomorrow depending on the PA.
For intraday short, I might keep the short for indifinite time.
Hope it helps for some direction for eur/usd.
Today eur seems to be at the edge of a Decending weekly trendline. Here is a pic.
I'm watchng closely for a close below or above this line. This will tell me the future direction of the eur for this month or so. Hoping for a shortside. Have not shorted as of yet. But may short this Today OR tomorrow depending on the PA.
For intraday short, I might keep the short for indifinite time.
Hope it helps for some direction for eur/usd.
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