EURUSD - Intraday - We look to Sell a break of 1.2038 (stop at 1.2064)
Trading within a Bearish Channel formation.
Although the bulls are in control, the stalling positive momentum indicates a possible turnaround is possible.
We look for losses to be extended today.
A break of yesterdays low would confirm bearish momentum.
The bias is to break to the downside.
Our profit targets will be 1.1965 and 1.1931
Resistance: 1.2100 / 1.2130 / 1.2180
Support: 1.2060 / 1.2040 / 1.2000
Trading within a Bearish Channel formation.
Although the bulls are in control, the stalling positive momentum indicates a possible turnaround is possible.
We look for losses to be extended today.
A break of yesterdays low would confirm bearish momentum.
The bias is to break to the downside.
Our profit targets will be 1.1965 and 1.1931
Resistance: 1.2100 / 1.2130 / 1.2180
Support: 1.2060 / 1.2040 / 1.2000
Order cancelled
Order cancelled, trade wasn't filled intraday.
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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.