EUR/USD / REVERSAL AREA AHEAD
In general, it seems that on the daily and weekly chart after the end of the First Bullish impulse with a top of 07/17/2023, the price as a Second impulse forms a Bearish ABC pattern. As the Last Third part of it starts on 25.09 at the peak of 1.1214. As the most attractive areas for its End, we can define the following Levels:
1.060; 1.040; 1.020; 0.9980.
1.060; 1.040; 1.020; 0.9980.
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I should note that there are two more possible development options /on weekly/. I will add them here tomorrow.
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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.