🔴 EURUSD // the primary short trend is back
With the daily close making lower low on Friday
Key Chart (Daily)
The weekly trend is still short, and the daily came in sync with the close on Friday, making a new wave south.
The current daily impulse base is the validity zone, a close back above that creates a new structure, but as long as the waves are headed in the direction of USD strength, the daily target Fibonacci levels and the weekly/daily breakout zones are valid targets.
Now a H4/H1 countertrend break creates an excellent RR.
The red dashed level is a clean H4 breakout that needs attention, and act as a support that may give a chance to add to the position and/or manage the risk.
What do you think? Are you bullish or bearish? Why?