Still bullish USD and looking to short EURUSD
<p>In tonight’s video I talk about why I’m still bullish the US Dollar and looking to short EURUSD.</p>
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<p>Please note that in the video I mention I have already started a short position. I’ve taken that off for a tiny profit, as I’m not sure we’re quite ready to roll over yet. </p>
<p>Here’s a look at the 15-min chart and why I think we might be heading a bit higher yet:</p>
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<p>We’re essentially consolidating this last leg higher and hanging out above the previous resistance zone. The 50 and 100-bar SMA’s have crossed the 200 and the 50 is nearing current price, likely to be supportive.</p>
<p>I’ve actually taken a small long at these levels, targeting just a 40 pip move for now. In short, although I’m overall bullish on the US Dollar, and therefore bearish EURUSD, I don’t see any clear signs to start that short position just yet. </p>
<p>The post <a rel="nofollow" href="https://www.forexmademillionaire.com/still-bullish-usd-and-looking-to-short-eurusd/">Still bullish USD and looking to short EURUSD</a> appeared first on <a rel="nofollow" href="https://www.forexmademillionaire.com">Forex Made Millionaire</a>.</p>
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