Euro / U.S. DollarShort
EUR/USD at monthly resistance level
💡Hello traders,
Hope you all have a fantastic day !
I would appreciate any likes and follows from this idea, that would encourage me to publish more ideas and analysis.
EUR/USD has been bullish for last couple of weeks. However, pair now faces resistance line of descending channel on 1 month chart. Moving average (100) is right there with this resistance line and also should help stopping EUR bulls.
Let us know what you think about this idea.
Trade safe !
Hope you all have a fantastic day !
I would appreciate any likes and follows from this idea, that would encourage me to publish more ideas and analysis.
EUR/USD has been bullish for last couple of weeks. However, pair now faces resistance line of descending channel on 1 month chart. Moving average (100) is right there with this resistance line and also should help stopping EUR bulls.
Let us know what you think about this idea.
Trade safe !
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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.
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.