Trades Ideas on EUR/USD, AUD/USD , SP 500, Crude Oil

[kreslik.news]

EUR/USD – bears in control

A strong downtrend remains intact in the EUR/USD and we are looking to sell, which necessitates trading in line with that trend.

It is important to notice the large bearish weekly pin bar on the weekly chart below – this pin remains activated and is a reflection of the stranglehold bears have on this pair right now.


Moreover, the pair’s price is likely headed down to parity (1.00) and traders can look to use pockets of strength to get short. It is worth noticing the containment zone between 1.0530 – 1.0670, as we watch for price ... (read more)