EURUSD have been in a bearish environment for quick a long while now. On the Weekly Time Frame price have found yearly support. Scaling into Lower time frames such as the 4hrs chart, we can see a potential reversal structure forming within the identified Bullish Higher Time Frame Rejection Zone. With that being said, it is a matter of playing the odds and further analyzing whether such price behavior may occur. Should this pattern become favorable, it does not necessarily mean that EU in its entirety will be bullish for the longer term. Fundamentally as well, the macro data appeals to the possibility of this bullish reversal.
Best of Luck!
Cheers.
Best of Luck!
Cheers.
Note
Prepare yourselves, and watch the identified zones closely. In relation to the above Idea, this is what we want to see to commence this move. Note
Picking up from our last update, the intraday projection have played out nicely. We can deduce further pushes to the downside via confirmation of bearish continuation structures.Note
Round of Applause for EURUSD Price Delivery. Buyers...get ready!Note
And here we are fellow traders...
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Related publications
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.