EURUSD Will Fall! Short!

snapshot
Here is our detailed technical review for EURUSD.

Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish

The market is trading around a solid horizontal structure 1.070.

The above observations make me that the market will inevitably achieve 1.054 level.

P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.

Like and subscribe and comment my ideas if you enjoy them!
Chart PatternscurrencyEURUSDforecastForexSELLshortsignalsswingtradingTrend AnalysisWave Analysis

✅JOIN FREE TELEGRAM: t.me/signalsproviderfx

💰FREE & PREMIUM SIGNALS: t.me/signalsproviderfx

🌐WebSite: signalprovider.org/
🔝Best Broker: icmarkets.com/trading-markets/forex/?camp=51166
Also on:

Related publications

Disclaimer