EURUSD Is Very Bearish! Short!

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Take a look at our analysis for EURUSD.

Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish

The market is approaching a significant resistance area 1.092.

Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 1.086 level.

P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.

Like and subscribe and comment my ideas if you enjoy them!
トレード終了: 利益確定目標に到達
That was an excellent trade and the target was reached too!
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Chart PatternscurrencyEURUSDforecastForexSELLshortsignalsswingtradingTrend AnalysisWave Analysis

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