Euro / U.S. Dollar

Watch closely above 1.2060-2040 support area

Updated

If EU can hold this area for today, it's more likely to reverse and back to an uptrend.
No opening position yet...

Note

Firmly pressure around 1.2095, down again... now watching 1.2060's support.

Note

2040 has been broken, the downtrend is not ending.

Note

European session has brought a strong bounce-back; if economic data this afternoon brings another up wave, then the up trend would be back.

Note

As the pattern is still downwards, I would not open a long position yet. Downwards next target 1.2005

Note

1.2005 has been reached.

Also on:

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.