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Euro / U.S. Dollar
Short

EURUSD On the Rejection of Weekly Trendline. Break or Respect?

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EURUSD ANALYSIS

Based on my overview of the current EURUSD , Im waiting for EURUSD do some big reaction on the current price. And waiting for the High impact news which give some hint to this pair.

As i see on the technical Analysis for swing and intraday setup, There are several confirmation i will use to before execute entry.

  • Firstly, if look at the weekly trendline from both support n Resistance of Trendline, it show the pattern which is Triangle. This cause EURUSD stuck in it bigger picture.
  • The Price currently show the rejection On the H4/D timeframe at Trendline Resistance and New Resistance already achieve at last week.
  • Thus its the good time to take a short currently but still manage the risk for entry as there are many High impact news incoming which will show the next Direction of EURUSD
Lowzeus
Also on:
Beyond Technical AnalysisFundamental AnalysisTrend Analysis

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.
Beyond Technical AnalysisFundamental AnalysisTrend Analysis
Lowzeus
Also on:

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.