EURUSD: Technically and Fundamentally bearish

Written by Raul Lopez on . Posted in Trades & Analysis.

Fundamental Reasons: Fear of grave contagion from Greece to the rest of Europe

Technical Reasons: Take a look at the next chart:

EURUSD
EURUSD

The EURUSD is trading below every important level in the short term charts, it is trading in a bearish market condition in the long term charts, even in the weekly charts, the EURUSD looks bearish.

So if you are looking for reasons to short the EURUSD, you have plenty of them.

What do you think, are you shorting it?

Trade Safe!

Raul Lopez
http://www.protradingnow.com/

Raul Lopez

I've been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community .
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