EUR/USD setup for downside move to the parity with USD
During January and February EUR/USD was bulding nice upper trend line and building up the base for forming of bottom crossing important averages and resistance lines. Unfortunately upper move was negated and we broke down the 1.0422 important support. From now on I expect at lest retest of low 1.0177 in weeks and months to come with the door open to reach parity with US dollar and retest the 2022 lows.
Shorting / average price 1.0458. R/R 1:10.
Shorting / average price 1.0458. R/R 1:10.
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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.