EurUsd - This Will Impact Your Trading In 2025!
EurUsd (
EURUSD) is heading much lower:
Click chart above to see the detailed analysis👆🏻
For basically an entire year, EurUsd has been retesting a massive previous support which was then turned resistance. Over the past couple of months, we then saw a significant drop breaking all structure towards the downside and it is quite likely that this won't stop soon.
Levels to watch: $1.090, $0.970
Keep your long term vision,
Philip (BasicTrading)
EURUSD) is heading much lower:Click chart above to see the detailed analysis👆🏻
For basically an entire year, EurUsd has been retesting a massive previous support which was then turned resistance. Over the past couple of months, we then saw a significant drop breaking all structure towards the downside and it is quite likely that this won't stop soon.
Levels to watch: $1.090, $0.970
Keep your long term vision,
Philip (BasicTrading)
Trade active
Trading update on EurUsd (EURUSD):
Click chart above to see the detailed analysis👆🏻
Just after I published this analysis, EurUsd is now creating an expected short term rally after we saw a significant drop of more than 1.000 pips over the past couple of weeks. The overall trend remains valid, bears just need to take a breath before they create the next wave lower.
Levels to watch: $1.090, $0.970
Keep your long term vision,
Philip (BasicTrading)
Trade closed: target reached
Trading update on EurUsd (EURUSD):
Click chart above to see the detailed analysis👆🏻
EurUsd is now starting the expected consolidation phase, digesting the harsh drop which we saw over the past couple of months. Since markets don't move in a straight line, this is totally expected and even some bullish short term pressure would not invalidate the bearish outlook.
Levels to watch: $1.090, $0.970
Keep your long term vision,
Philip (BasicTrading)
Keep your long term vision.
Trading newsletter👇🏻
basictrading.net
Trading newsletter👇🏻
basictrading.net
Keep your long term vision.
Trading newsletter👇🏻
basictrading.net
Trading newsletter👇🏻
basictrading.net
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.