If you are following my Blog, and you may refer now to my Postings on EURO/USD last Saturday/Sunday. I mentioned on the importance of Sell down on Recovery , as this pair is slightly bullish only on near term, but on longer term , this pair is still extremely Bearish.
If you refer to the Daily Chart A below, you too can see that this pair is registering a series of lower highs and lower lows, indicating that the price action is still in BEARISH zone.
You may use M5, M30, H1 ,H4 charts with all your favorite indicators to spot the resistance level from which the price action reverses its course resulting in many opportunity to sell down, ,
DO remember, SELL DOWN ON RECOVERY....
Happy trading
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