EUR/USD is in a mess.
But downtrend on monthly remains intact and price is ahead of a key level.
Ranging on the weekly chart + uptrend on daily -> potential reversal trade from key monthly level.
Look for price to spike into 1.144x region and reverse for a short.
Tier 2 because of monthly trend + monthly level.
But downtrend on monthly remains intact and price is ahead of a key level.
Ranging on the weekly chart + uptrend on daily -> potential reversal trade from key monthly level.
Look for price to spike into 1.144x region and reverse for a short.
Tier 2 because of monthly trend + monthly level.
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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.