Euro / U.S. DollarUpdated Consecutive bearish daily candles, 1.08 again?
Dear traders, EUR/USD has struggled to break the key level
of 1.0970. We are seeing the formation of consecutive bearish
candlesticks on the daily chart.
So, if the resistance level continues to hold, we can expect a
moderate pullback in EUR/USD to 1.08 level.
I will be looking for sell entries in the 1.0960 level if bearish price
action takes place.
of 1.0970. We are seeing the formation of consecutive bearish
candlesticks on the daily chart.
So, if the resistance level continues to hold, we can expect a
moderate pullback in EUR/USD to 1.08 level.
I will be looking for sell entries in the 1.0960 level if bearish price
action takes place.
Note
So far the resistance has not been brokenNote
Finally EUR is falling, others like AUD and GBP has already declined against the USDNote
Below 1.09 which is encouraging for the bearsNote
I have a pending sell@1.0962 level
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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.