RaynLim

EURUSD-Weekly Market Analysis-Feb21,Wk4

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FX:EURUSD   欧元/美元
EURUSD is not showing the clearest sign of the market movement, it can swing either direction, if to choose a direction to go, I will choose to short it, the reasons as follows
1) The candlestick forms within the sell zone
2) The daily chart close with a long wick above the candle
3) it is a weak bearish candle close on the 4-hourly chart, but it is still a bearish engulfing candle.

Breaking and closing below the previous low candle would prolong the bearish movement to 1.1981

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