EUR/USD – Bearish Engulfing Candlestick on The Weekly Chart.
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On the weekly chart, we can see how the candle from 2 weeks ago has ended as a bearish engulfing candlestick. It indicates that the long term bearish momentum is still continuing. On the H1 chart, we can see a fresh supply above which is a great level to sell and join the long term bearish momentum. I'll sell at this supply and the target will be 1.0700 zones.
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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.