[EUR] Short Bias 2018 0422

EUR/USD, four-hour chart, source: KR futues

EUR/USD, one of the major currency pair has moved in a narrow band since late January in the daily chart. While its moving, it approached the right side of the triangle pattern and the uncertainty of the price increased.

It dropped below 1.2300 and gives hint of downward trend. But the price rebounds trying to make the pattern of double bottoms in the one-hour chart. It may succeed to rebound. But it gives a question how high it rises for it has trapped in the band and it shows down in four-hour chart.

I think though it rebounds its momentum will be restricted around 1.2345 or low and recommend the short position if the capital can be endured till 1.2350.

I don't tell the precise price. I'm not the lord and I think it is meaningless. I emphasize the trend, the money management and risk management.


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Gjallarhorn, Heimdallr, EUR/USD, EUR, Euro, 걀라호른, 헤임달, 유로/달러, 유로화