EUR/USD A Bearish Reversal Signal?
https://www.tradingview.com/x/NiGJ9SDa/
Over the past few days, we have seen that EUR/USD have broken the few months long bearish trend line and thus indicating that the sellers are unable to push the EUR against the USD lower and that buyers are once again back. Hence, we can see that the selling pressure is disappearing, whereas buying pressure is heating up. Thus, target price can be drawn to 1.14500 where potential profit taking might take place again.
Over the past few days, we have seen that EUR/USD have broken the few months long bearish trend line and thus indicating that the sellers are unable to push the EUR against the USD lower and that buyers are once again back. Hence, we can see that the selling pressure is disappearing, whereas buying pressure is heating up. Thus, target price can be drawn to 1.14500 where potential profit taking might take place again.
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