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EUR/USD - short positions will continue to be the preferred short-term trading

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Forex EUR/USD H4 Our expectations:

Sellers continue to hold control as the price stays below key levels of resistance, and this is indicative of medium-term sentiment. The opening of short positions will continue to be the preferred short-term trading. The current correction gives a good opportunity to open new short positions.

Indicators:
Test of 50% Fibonacci, the price stays below.
Price below 50 and 200SMA, Mas are arranged in a bearish formation.

SL: 1.123

Alternative Scenario: The only option to reverse the price and test 200MA is if worries about the health of the US economy escalate.


 Trader Georgi Bozhidarov

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