Euro ready for the sells based on previous rallies
Last week the ECB drove the Euro into a Buyers frenzy, however the overall trend is down and these trendlines have a number of touch points giving me confidence that this downtrend shall resume.
I'm short with stops above the recent lower highs made on Thursday of the past week with a target somewhere mid-channel.
Alternatively, if the upper trendline is broken then I suspect a break and retrace to this trendline is made before entering long, however my believe based on my analysis that we are heading south on this instrument
I'm short with stops above the recent lower highs made on Thursday of the past week with a target somewhere mid-channel.
Alternatively, if the upper trendline is broken then I suspect a break and retrace to this trendline is made before entering long, however my believe based on my analysis that we are heading south on this instrument
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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.