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Euro / U.S. Dollar
Short

EURUSD breaking out of long term support,potential for big drop!

2092

EURUSD has broken major ascending support line triggering a potential drop. Our 1st resistance is at 1.2360 (Fibonacci retracement, breakout level) and a strong drop could occur from here to push price down to 1.2083 support (Fibonacci retracement, horizontal pullback support).

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Losses can exceed the initial investment so please ensure you fully understand the risks.

Tickmill
Also on:
Chart PatternsEUREURUSDeurusdforecasteurusdideaeurusdlongeurusdpredictioneurusdshorteurusdsignalHarmonic PatternsTrend AnalysisUSD

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.
Chart PatternsEUREURUSDeurusdforecasteurusdideaeurusdlongeurusdpredictioneurusdshorteurusdsignalHarmonic PatternsTrend AnalysisUSD
Tickmill
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.