👀 Observation:
Hello, everyone! I hope you're doing well. I’d like to share my analysis of EUR-USD with you.
Looking at the EUR-USD chart, the pair has been in an downward channel since 2008. Currently, we are at the top of the channel. If we see a weakening of the trend on the monthly timeframe, I expect the beginning of a major downward movement.
📉 Expectation:
Bearish Scenario: A potential drop starting from here with the first target being the descending trendline around 0.9250.
Second Target: The red zone I’ve highlighted, around 0.8700.
💡 Key Levels to Watch:
Resistance: Top of the channel
Support: Descending trendline around 0.9250
💬 What are your thoughts on EUR-USD this week? Let me know in the comments!
Trade safe
Hello, everyone! I hope you're doing well. I’d like to share my analysis of EUR-USD with you.
Looking at the EUR-USD chart, the pair has been in an downward channel since 2008. Currently, we are at the top of the channel. If we see a weakening of the trend on the monthly timeframe, I expect the beginning of a major downward movement.
📉 Expectation:
Bearish Scenario: A potential drop starting from here with the first target being the descending trendline around 0.9250.
Second Target: The red zone I’ve highlighted, around 0.8700.
💡 Key Levels to Watch:
Resistance: Top of the channel
Support: Descending trendline around 0.9250
💬 What are your thoughts on EUR-USD this week? Let me know in the comments!
Trade safe
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.
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.