For several weeks, the BEARS have been dominant against the BULLS in EURUSD, prices started to dip from a double top formation at 1.22393. From the current Daily Candle, price finds a support at 1.17836 and currently experiencing a bullish retracement, I expect price to find resistance around 1.19 region where bears may continue its dominance.
My overall bias for the EURUSD is bearish until price hits the key support level at 1.17036. In the next days, I would be taking more of sell signals than buy, most of my buy trades would be scalp trades.
Disclaimer: What I have shared above is not a financial or investment, it’s for educational purposes only, whatever trading decision you make is at your own risk.
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