Euro / U.S. Dollar
Short

EurUsd- Medium term trade with 1:5 R:R

205
As I expected, EurUsd reversed from 1.1750 support and is now trading above 1.18 at 1.1830 at the time of writing
My outlook remains bearish for this pair and I consider this rebound a good opportunity to buy USD against the single currency.
A sell trade in the median resistance with an SL above 1.19 could also have a fabulous R:R for those who are patient with the trade for a few weeks.
A daily close above 1.19 would put a pause in my bearish view for EurUsd

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.