My picks: Remain Short EURUSD
Expertise: Global Macro, Classic Technical Analysis
Average Time Frame of Trades: 1 week - 6 months
To update the pick from yesterday, EURUSD has bounced higher from near-term support at the bottom of a rising channel that has guided the upswing from the lows in early March. Still, the outlines of the bearish setup remain intact and ample room remains until the risk threshold. I will remain short for the time being.
