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EUR/USD Sends Weak Sell Signal Bar

By Al BrooksForexJun 24, 2021 10:00AM ET
www.investing.com/analysis/eurusd-sends-weak-sell-signal-bar-200588041
EUR/USD Sends Weak Sell Signal Bar
By Al Brooks   |  Jun 24, 2021 10:00AM ET
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Small bear body yesterday. It is a weak Low 1 sell signal bar, especially after two bull bars and a sell climax.

– Many bears will wait for a second leg up before selling again after a sell climax.

– Is the selloff a bear trap? After such a strong selloff, most bulls will want at least a micro double bottom before concluding that the bear breakout is failing.

– With many bulls and bears waiting for second signals, the EUR/USD might have to go sideways for at least a couple more days.

– Tomorrow is the last day of the week.

– Bulls want the week to close near its high to increase the chance of higher prices next week.

– Bears want the week to close below the mid-point of the week to increase the chance of sideways to down trading next week.

EUR/USD Chart
EUR/USD Chart

EUR/USD Sends Weak Sell Signal Bar
 

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EUR/USD Sends Weak Sell Signal Bar

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Comments (5)
Ubong Essien
Ubong Essien Jun 25, 2021 1:52AM ET
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thanks Mr Brooks
Douglas Stivanelli
Douglas Stivanelli Jun 24, 2021 7:52PM ET
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Thank you Mr. Brooks
Taip Peltek
Taip Peltek Jun 24, 2021 12:40PM ET
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Thanks Mr. Brooks
hossein general
hossein general Jun 24, 2021 11:19AM ET
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tnx Mr Al Brooks ❤️
Bilal Mirza
Bilal Mirza Jun 24, 2021 10:35AM ET
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It's the world of bears!
 
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