EURUSD Long Idea
Updated
Hello
I think that this downward trend that started on July 18 is still a strong and continuous downward trend and a price correction may take place in this range.
Due to the fact that the FOMC statement will be published on July 26, all attention has been drawn to increasing or stopping interest rate increases. Of course, interest rate increase is a delayed indicator.
I think that if there is a correction, it will rise to the price range of 1.11740 and then continue to fall further. This is an estimated target and it may rise less, because the dominant trend is the downward trend.
Good luck
I think that this downward trend that started on July 18 is still a strong and continuous downward trend and a price correction may take place in this range.
Due to the fact that the FOMC statement will be published on July 26, all attention has been drawn to increasing or stopping interest rate increases. Of course, interest rate increase is a delayed indicator.
I think that if there is a correction, it will rise to the price range of 1.11740 and then continue to fall further. This is an estimated target and it may rise less, because the dominant trend is the downward trend.
Good luck
Order cancelled
The price did not reach the desired range, but the downward trend is still strong.
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.