EURUSD: Trading Today’s Bearish Reversal Pattern

EURUSD: Trading Today’s Bearish Reversal Pattern
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_________________ CHAPTERS _________________

0:00 Access to Justin’s Trades
0:55 EURUSD Trend Lines
1:47 DXY Analysis
4:31 EURUSD Bearish Reversal
8:34 Invalidation Levels
9:12 DXY 2023 Forecast

_______________ EURUSD Forecast _______________

Today I’m going to show you exactly how I’m trading the EURUSD.

I’ll share two trend lines you won’t want to miss and a potential bearish reversal that’s playing out right now.

Last week, I discussed a EURUSD short on a confirmed fakeout around 1.0930, which played out on Friday.

It produced an 85-pip drop ahead of the weekend for those who took the short.

Last Saturday and Monday I talked about how 1.0950 was key resistance for EURUSD.

We saw the euro move just above the level on Tuesday, but bears are once again defending the 1.0950-1.0970 region.

The EURUSD is also coming off the May 2021 trend line, so I continue to think a move toward 1.0820/30 is the most likely scenario.

Get the full EURUSD technical analysis here:

*None of this is meant to be construed as investment advice, it’s for entertainment purposes only. Links above include affiliate commission or referrals. I’m part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.

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