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Nial Fuller

NIAL FULLER
Professional Trader, Author & Trading Coach

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EURUSD – Euro/dollar bearish momentum continues

Following our weekly market commentary this week, in which we discussed looking to sell the EURUSD on any strength, we can see in the charts below that the market broke lower today after a brief retrace higher early this week. Clearly, bears are very much in control of the EURUSD right now and it has potential to move even lower, perhaps into parity. We have been short biased and been advising members to sell on strength and we are still committed to that same view. Traders can watch any retraces higher / strength for selling opportunities to get short and trade in-line with this very weak market.

EURUSD weekly chart –

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About Nial Fuller

is a Professional Trader & Author who is considered ‘The Authority’ on Price Action Trading. He has a monthly readership of 250,000+ traders and has taught 15,000+ students since 2008. Checkout Nial's Professional Forex Course here.

Recent

  1. Petrus July 31, 2017 at 3:15 pm

    Thank you.
    I would like to know your advice or suggestion on how swing traders who are using daily time frame dealing with gapping up or down that usually happen on Monday.

    Reply
  2. Samuel July 31, 2017 at 11:57 am

    Great analysis.. your insight into the market is always refreshing. Keep it up Neil

    Reply

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