Zoom to see, please. Chart analysis: H1 timeframe. There is a confluence right now in the eurusd chart: the price has retraced to the trendline after breaking it, and it has rejected the horizontal and sloppy trendlines at the same time. The present candle has formed a bearish pin bar. It is a sell time. Our first profit target will be 1. 05961. Trade like a pro; don't trade like a newbie.
The arrow drawn is indicating the confluence point in the chart.
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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.