EURUSD pair has hit a strong level of Monthly Resistance.
1. We can see that the pair has broken out of the Wedge
2. A bearish divergent MACD Cross, which shows the pair is losing Bullish Momentum as it was going higher.
I have taken a short position and expect the pair to come down to the Support level around 1.1900 level for another good buying opportunity.
Please note these are my own notes, by no means trading advise. Please do your own research before entering into any trade.
1. We can see that the pair has broken out of the Wedge
2. A bearish divergent MACD Cross, which shows the pair is losing Bullish Momentum as it was going higher.
I have taken a short position and expect the pair to come down to the Support level around 1.1900 level for another good buying opportunity.
Please note these are my own notes, by no means trading advise. Please do your own research before entering into any trade.
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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.