Short

EUR/USD Continue to decrease??

Updated

Hello friends

Contrary to the predictions of economic sites, the dollar rose strongly on Friday, causing the euro to fall
However, in the previous analysis, I had announced that the price will remain in the range for some time
According to price action analysis (which I strongly believe in), and some indicators, it seems that the price is still trending lower.
I still expect the price to drop in the weekly and daily (and even monthly) timeframes
And maybe we have corrections in small time frames that can be checked during the trading day

My target 1: 1.0740
And after correcting and getting approval to continue reducing:
My target 2: 1.0645

*Be profitable

Thank you for expressing your opinion with likes and comments

Trade active

Target 1 Reached

Trade active

Note

I think lower low will not be formed
And the upward trend is to form the right shoulder

Note

I think the price is in the range of 1.080 and 1.0845 (and maybe 1.0879) for some time
And then it will be downward

* Do not forget the stop loss

Note

Flag formation in 4H time frame
And Completed in pullback flag pattern

My target today: 1.0781

Trade active

Avril_Forex

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.