EUR/USD Is Flat, the Election Rally Is Over and there Are Bearish Signals

by Usman Salis

EUR/USD failed to hold above the resistance line after the US Elections. Now the bearish movements are possible on the market.

EUR/USD Is Flat, Election Rally Is Over #Eur/usd flat here inside 30m trading range 1.1799/1.1833….zzzzzzzzzWalter Vannelli via Twitter

Image Source: Twitter @waltervannelli
Image Source: Twitter @waltervannelli

#Euro Outlook: $EURUSD Breakout Fails Resistance- #Election Rally Over?Michael Boutros via Twitter

Image Source: Twitter @MBForex
Image Source: Twitter @MBForex

At the same time, it should be noted that the Euro trader sentiment chart shows a significant increase in the number of open short positions in the currency pair, over the past few weeks of trading, long positions have decreased from 50% to less than 30%.

Image Source: Twitter @MBForex
Image Source: Twitter @MBForex