$EURUSD - NFP's could fuel the downtrend
Hi guys! 👋🏻
🔔 Euro is below the trendline of March 23, 2020 and tested this dynamic support as resistance and was forced downwards.
🔔 Currently Euro is testing the 1.18400 support line and if closes below, will continue the downfall. The current level is also Fibo 0.786 of the uptrend of March 31, 2021.
🔔 Positive US NFP data might support the downtrend continuation of the pair. Up until now, Euro looks bearish against the US Dollar.
✊🏻 Good luck with your trades! ✊🏻
If you like the idea hit the 👍🏻 button, follow me for more ideas.
🔔 Euro is below the trendline of March 23, 2020 and tested this dynamic support as resistance and was forced downwards.
🔔 Currently Euro is testing the 1.18400 support line and if closes below, will continue the downfall. The current level is also Fibo 0.786 of the uptrend of March 31, 2021.
🔔 Positive US NFP data might support the downtrend continuation of the pair. Up until now, Euro looks bearish against the US Dollar.
✊🏻 Good luck with your trades! ✊🏻
If you like the idea hit the 👍🏻 button, follow me for more ideas.
Note
TP1
Nothing is true, everything is permitted.
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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.
Nothing is true, everything is permitted.
_________________________________
🤖 Get 20% fee cashback on CoinW with this link - coinw.com/frontweb/invitePublicity?r=azizelliott
_________________________________
🤖 Get 20% fee cashback on CoinW with this link - coinw.com/frontweb/invitePublicity?r=azizelliott
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.