EURUSD Bearish Trend Reversal
Highlights:
- EURUSD broke below the Head and Should pattern on the daily timeframe
- Price retest the resistance level
- Look for Short opportunity
Market Trend:
The trend turned into Downtrend by creating Lower High and Lower Low
Momentum:
MACD stays bearish on the Daily timeframe
Opinion:
Bearish bias, expecting more downside move on the upcoming week
- EURUSD broke below the Head and Should pattern on the daily timeframe
- Price retest the resistance level
- Look for Short opportunity
Market Trend:
The trend turned into Downtrend by creating Lower High and Lower Low
Momentum:
MACD stays bearish on the Daily timeframe
Opinion:
Bearish bias, expecting more downside move on the upcoming week
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.