EURUSD: This is a temporary rebound inside a long term Bear Flag
EURUSD has turned bullish on its 1D technical outlook (RSI = 59.188, MACD = 0.002, ADX = 17.971) but on the 1W timeframe this short term recovery is nothing but a Bear Flag on the aggressive decline that has started last September. The 1D RSI pattern is basically repeating the Bear Flags of January 2022 and August-September 2018 and the lowest target has been the 0.85 Fibonacci level. We expect it to reach this level again sooner or later. Go short, TP = 0.98150.
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Telegram: t.me/investingscope
investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
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.