The EUR/USD currency pair has been exhibiting a bearish trend recently, which can be analyzed using the Dow Theory of Lower Highs and Lower Lows.
According to this theory, a trend is considered bearish when each successive high is lower than the previous high, and each successive low is also lower than the previous low. In the case of EUR/USD, we have seen a pattern of lower highs and lower lows in 1 Hour time frame, indicating a Short term bearish trend.
ENTRY PRICE (SELL STOP):1.06156
STOPLOSS: 1.07221
TAKE PROFIT 1: 1.05176
TAKE PROFIT 2: 1.04435
RISK 2%
According to this theory, a trend is considered bearish when each successive high is lower than the previous high, and each successive low is also lower than the previous low. In the case of EUR/USD, we have seen a pattern of lower highs and lower lows in 1 Hour time frame, indicating a Short term bearish trend.
ENTRY PRICE (SELL STOP):1.06156
STOPLOSS: 1.07221
TAKE PROFIT 1: 1.05176
TAKE PROFIT 2: 1.04435
RISK 2%
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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.
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.