EUR/USD SELL - 30/10/2017
EUR/USD continued falling on Friday, so the local downtrend for this currency pair is going on. Also we need to point out the presence of 2 strong volume resistance levels: 1.1692 - 1.1705 and 1.1740 - 1.1760. That’s why our previous scenario remains the same: we need to wait for a smooth upward correction of the price in order to get a better entry point and then we should open short positions. A stop loss should be placed above the first resistance. A potential of the deal is more than 100 points.
The bottom line: short positions after a smooth upward correction.
The bottom line: short positions after a smooth upward correction.
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.