EurUsd- Short on rallies
In my Thursday comment, I said that the rise from 1.1620 in, in my opinion, an ABCD correction and that 1.1750 support should fall.
EurUsd confirmed my outlook and broke support that day...
On Friday the pair tried to recover, but encounter strong selling pressure in 1.17 zone.
I believe that we are at the start of a medium-term downtrend and the pair could fall to 1.14 in the near future.
Also, EU lockdown could add more downside risk for the pair so rallies should be sold
EurUsd confirmed my outlook and broke support that day...
On Friday the pair tried to recover, but encounter strong selling pressure in 1.17 zone.
I believe that we are at the start of a medium-term downtrend and the pair could fall to 1.14 in the near future.
Also, EU lockdown could add more downside risk for the pair so rallies should be sold
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
🌟 Bust your trading with 50% deposit bonus:
secure.m4markets.com/links/go/5426
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
🌟 Bust your trading with 50% deposit bonus:
secure.m4markets.com/links/go/5426
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.