EURUSD - P wave
The EURUSD is in an extended P wave. After forming a double top in August/September 2024 , price has moved 4 points lower.
The RSI suggests price is near a low , as it has printed within the OS zone.
However, price may well fall lower and test or break the supporting trendline.
Liquidity zones are at 1.0770 and 1.0660 , which are the nearest swing lows of the prior impulsive leg.
For next week, the bias is short to 1.0770.
The RSI suggests price is near a low , as it has printed within the OS zone.
However, price may well fall lower and test or break the supporting trendline.
Liquidity zones are at 1.0770 and 1.0660 , which are the nearest swing lows of the prior impulsive leg.
For next week, the bias is short to 1.0770.
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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.
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.