EURUSD > Possible Move in The Coming Days
Analysis of #EURUSD
The EURUSD low near 0.9550 seems to be holding very well, the market is unable to take the low and actually started to make new highs as you can see on my chart.
looking at the chart we have higher highs as you can see but we are currently at long-term daily trendline resistance.
so, I can not sell this EURUSD anymore, as we have a shift in the long-term trend, and I can't look for a buy because we are at trendline resistance.
we better wait for the market to decide what it will do from the current level, I would like to see a breakout from the current level to the upside,
Thanks for your continued support!
The EURUSD low near 0.9550 seems to be holding very well, the market is unable to take the low and actually started to make new highs as you can see on my chart.
looking at the chart we have higher highs as you can see but we are currently at long-term daily trendline resistance.
so, I can not sell this EURUSD anymore, as we have a shift in the long-term trend, and I can't look for a buy because we are at trendline resistance.
we better wait for the market to decide what it will do from the current level, I would like to see a breakout from the current level to the upside,
Thanks for your continued support!
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.