Weekly Trade Ideas: EUR/USD, Crude Oil, and GOLD

[kreslik.news]

EUR/USD reverses at resistance, bears in control

The EUR/USD continues to lose ground as the long-term downtrend is intact and active. Notice the strong rejection of higher prices last week as price retraced up to 1.0855 – 1.0900 key resistance and subsequently reversed, losing significant ground in the process.

Looking at the weekly EUR/USD chart, you can see a big bearish pin bar formed last week, which is reflective of the weakness in this pair right now. Traders can continue to look to sell whilst the price is under that containment zone at 1.0855 – 1.0900 by watching for strength to get short. However ... (read more)