EURUSD is in a downtrend in the short term targeting 1.1030 and eventually 1.0980 area.
Weekly Daily and 4H charts are favoring the continuation of the move at lower levels.
Strategy:
SELL at current levels and at any pullback towards 1.1060-80.
STOP LOSS: Above 1.1100.
TP: 1.1030 and 1.0985
MULTI TIME FRAME TECHNICAL PICTURE AND ANALYSIS
Weekly: Reversal Bar at Important reistance
Daily: Trend reversal signals and channel top
4H: H&S pattern and trendline break
Weekly Daily and 4H charts are favoring the continuation of the move at lower levels.
Strategy:
SELL at current levels and at any pullback towards 1.1060-80.
STOP LOSS: Above 1.1100.
TP: 1.1030 and 1.0985
MULTI TIME FRAME TECHNICAL PICTURE AND ANALYSIS
Weekly: Reversal Bar at Important reistance
Daily: Trend reversal signals and channel top
4H: H&S pattern and trendline break
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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.