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Euro / U.S. Dollar
Short
Updated

EURUSD Broke out the Trendline support - Retest & Possible Short

416
EURUSD have broken out the multi days trendline with a strong momentum, waiting for a retest of the broken trendline, once it retests look for a consolidation and a breakdown again for 1.0981 first target which is a support area, if it breaks this out then watch out 1.0880 lows.
Note
snapshot

We got FOMC tomorrow, a near term support for EURUSD coming in at 1.0980 area, might bounce from there for a short term long trade.
Note
snapshot Almost to the first target.
Trade closed: target reached
snapshot Both targets hit.
UmarAbdurRehman
Also on:
Chart PatternsEURUSDeurusdanalysiseurusdforecasteurusdideaeurusdoutlookeurusdpredictioneurusdshorteurusdsignaleurusdtradeTechnical IndicatorsTrend Analysis

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Chart PatternsEURUSDeurusdanalysiseurusdforecasteurusdideaeurusdoutlookeurusdpredictioneurusdshorteurusdsignaleurusdtradeTechnical IndicatorsTrend Analysis
UmarAbdurRehman
Also on:

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.