EURUSD Projections, Linear Regression with Pitchfork
Seems the general trend that EURUSD has been following is a negative linear trend. We've been expecting this bearish movement for some time now, but the bars are finally starting to come into place.
After the recent MoM (US) news announcement, we saw a quick jump to 1.1085.
What does everyone think about the pair and staying in this zone? It seems any movement at this point it to one of the two points, at which point a definite long/short decision could be made.
We have decided to go short from 1.1080, SL at 1.11150. There seems to have been a slight resistance level around this zone (1.1115) during July 1 - July 3.
After the recent MoM (US) news announcement, we saw a quick jump to 1.1085.
What does everyone think about the pair and staying in this zone? It seems any movement at this point it to one of the two points, at which point a definite long/short decision could be made.
We have decided to go short from 1.1080, SL at 1.11150. There seems to have been a slight resistance level around this zone (1.1115) during July 1 - July 3.