EUR/USD - D1 - Channel support at risk
Price is pressuring channel support, the absence of a bull divergence suggest that the price will continue down. This week the high speculation of a hike rate in US put more pressure to keep short position.
But keep watching the ABCD pattern for a bull divergence and reversal bar pattern inside PRZ (clues for long position)
But keep watching the ABCD pattern for a bull divergence and reversal bar pattern inside PRZ (clues for long position)
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.