My picks: Short EURUSD (pending)
Expertise: Global Macro, Classic Technical Analysis
Average Time Frame of Trades: 1 week - 6 months
Updating yesterday's analysis, the likelihood of a bearish reversal is being bolstered by negative divergence on the RSI oscillator and the possibility of a downward reversal in risky assets. Confirmation of a specific entry opportunity remains elusive for the time being as prices test falling trend line resistance. I will remain on the sidelines for the time being but I expect to be selling EURUSD in the near future.
