Do we still have room left for shorts in the EURUSD?

I guess it all depends on the timeframe you trade the EURUSD off of. But I think we still have some room left for shorts, especially for short term traders.

The next LT support level is at 1.2635 and the EURUSD is currently trading at 1.2725, so we have around 90 pips, is it good enough for you?

Here is the chart:

EURUSD

What is interesting about this chart is that if it breaks this support level, it’s likely to continue its way down until it reaches the next support level with is at 1.2150.

Good one huh?

We’ll see what happens.

I’m curious about how my analysis compares to yours… What do you think about the EURUSD?

Let me know.

EURUSD Analysis, support level


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 .