Euro / U.S. DollarShort
EUR/USD Dropping Soon, STAY WOKE
As far as this pair goes, i believe it is going to be dropping in price soon. According to my own analysis, price is hitting a strong resistance at 1.0860 - 900. That being said, im waiting for a confirmation on 5M and 1M charts respectively such as an inverted hammer. Once i see price can drop past 1.08670 and not push back up, it would indicate to me to enter. Stop loss is recommended but ofc not required. I have a price target at 1.09500, but the TP will most likely be set above this level. To further back up my idea, according to 5M - 1H Stochastic charts, this pair is already oversold, thus meaning a sell is inevitable. Patience will be your friend in this trade
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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.