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EURUSD: The Short Opportunity Most Are Ignoring
Today I’m going to show you exactly how I’m trading the EURUSD this week. I’ll also explain why I’m bearish on the euro through the rest of 2023. video I wrote about a 39-year EURUSD trend line on March 27th. The pair fell below the 12-month trend line in 2022 and has tested it as new resistance in 2023. For this reason, I continue to be macro-bearish on the EURUSD. I’ll only flip bullish if euro bulls can reclaim the trend line above on a monthly closing basis. But as long as the EURUSD remains below the 1.1100 region on the higher time frames, I favor looking for short opportunities. Last week’s ... (full story)