EURUSD pair has broken channel support (1.14188) and after retesting the same level again it failed to breakout upside and remained under pressure and fell further downside, the coming week sees a consolidation week, pair seems to trade between range (1.14188 - 1.13023), strong support seen at 1.13023 which it may retest. Technical Indicators RSI Stood at 45.02 and MACD crossover also seen towards downside on daily chart. There are other indicators such as 50MA/EMA which are also broken. Traders may take short position with target up to 1.13023 with SL 1.14188 as resistance.
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.