EURO/USD Technical Analysis
EURO/USD prices struggled to pass the strong resistance level of 1.19 and entered in a down move breaking the support level of 1.18 and retesting it while giving a head and shoulder pattern. With 1.17 being the head and shoulder limit 1.1750 can act as a support and might be considered for the first take profit area.
Trade active
1.1850 was tested but not breached. Above this level must be the stop-loss, if the price pushes down to 1.17700 and breaches that level it would form a double top with a tp on 1.17 which is parallel with my first analyze.Trade closed: target reached
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.