EURUSD Sell the downtrend.
EURUSD - Intraday - We look to Sell at 1.1834 (stop at 1.1856)
Daily signals are bearish.
We can see no technical reason for a change of trend.
However, with the intraday chart now highlighting lower highs we are possibly forming a descending triangle pattern.
Trend line resistance is located at 1.1840.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
Our profit targets will be 1.1773 and 1.1763
Resistance: 1.1800 / 1.1820 / 1.1840
Support: 1.1770 / 1.1750 / 1.1730
Daily signals are bearish.
We can see no technical reason for a change of trend.
However, with the intraday chart now highlighting lower highs we are possibly forming a descending triangle pattern.
Trend line resistance is located at 1.1840.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
Our profit targets will be 1.1773 and 1.1763
Resistance: 1.1800 / 1.1820 / 1.1840
Support: 1.1770 / 1.1750 / 1.1730
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