HAPPY VALENTINES DAY! I am spending plenty of time with the love of my love, then later with my wife :) I am just kidding of course, trading always comes second to my beautiful wife, Love you babe!
In other news, here is my general EUR/USD outlook.
Below are 3 charts of the EUR/USD in three different timeframes (Monthly, Weekly, 4 Hour).
I am trading from a bear biased point of view. The jump up to 1.3850, in my opinion, was a bull trap that cleared the way to focus on new lows. The 3 Weekly Pinn Bars are very telling about the lack of push behind a significant bull move. The Monthly charts are printing consistent Lower Highs and Lower Lows…
The 1 Hour chart just printed a very nice looking Pinn Bar, I am Currently short.