EUR/USD- (65% chance of more downside)!

2019-12-09 07:39:30

EUR/USD- 4hrs

TA Wise:
We see more downside due to a potential bear flag forming. Senkou span is also cutting below the long day candle with MACD looking for more downside.

FA Wise:
This week, we will have major news coming out from US, Europe and UK that can have a huge impact on EUR/USD pairing.

Keep trading of this pairing to day trade, and reduce exposure to trading it during major news announcement for UK election, interest rate decision and FOMC economic statement.

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(Disclaimer: This is non-financial advice, any past performance, projection, forecast or simulation of results is not necessarily indicative of the future or likely performance of any investment.)