Euro / U.S. DollarShort
🇪🇺 EURUSD 🇺🇸 - Fully prepared for a support breakthrough
Updated
EURUSD is consolidating before jumping down. The currency pair is experiencing weakness amid a fundamentally strong dollar, which spent all of last week under the influence of bullish news. The outlook is generally clear. Technically, a pattern is forming on the chart, which may break the support and change the trend.
Reasons for further decline:
1) Consolidation at support. No rebound or upside
2) Fundamentally strong dollar
3) Euro is weakening against the dollar
4) Structure breakdown and consolidation before breakout
5) Market does not let the price above PDH
Reasons for further decline:
1) Consolidation at support. No rebound or upside
2) Fundamentally strong dollar
3) Euro is weakening against the dollar
4) Structure breakdown and consolidation before breakout
5) Market does not let the price above PDH
Trade active
Support breakoutTrade active
retest 1.083Trade closed: target reached
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.