Bearish clues:
- Price has reached a strong resistance level at 1.22500
- Price has broken down the 100 exponential moving average
- Price has broken down a daily bullish oblique support (in blue) and made a pullback on it yesterday morning
- Price has broken down the important supply zone at at 1.21650 - 1.21750
- It is not a false breakout like on May, 28
EUR/USD could reach the psychological level of 1.20000, which is really close to the support level around 1.95000 and almost correspond to the 50% Fibonacci retracement level. But pay attention to the weakness of the dollar.
Feel free to share, comment and give your opinion if it is constructive ;)
DISCLAIMER: This is not investment advice
- Price has reached a strong resistance level at 1.22500
- Price has broken down the 100 exponential moving average
- Price has broken down a daily bullish oblique support (in blue) and made a pullback on it yesterday morning
- Price has broken down the important supply zone at at 1.21650 - 1.21750
- It is not a false breakout like on May, 28
EUR/USD could reach the psychological level of 1.20000, which is really close to the support level around 1.95000 and almost correspond to the 50% Fibonacci retracement level. But pay attention to the weakness of the dollar.
Feel free to share, comment and give your opinion if it is constructive ;)
DISCLAIMER: This is not investment advice
Trade active
Slowly goes downTrade closed: target reached
Take profits at 1.20000 and 1.95000 reached! EUR/USD could go ever lower.
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.
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.