EURUSD TECHNICAL UPDATE
Updated
Technical Updates
*EURUSD
- On daily chart, I have an overall neutral view on this pair until price reaches confluence TL(blue). Market now have its price moving back into the consolidation zone (Zone between monthly resistance & weekly support); I aspect price would rotate in the consolidation & will only give trending direction after major breakout.
- On the other hand in H1 chart, there is perhaps a minor bearish sentiments that attract me. EU price is strongly bearish since 2 weeks back, by break & closed below the daily support with strong momentum indicates bear is still in control for the mean time.
- Price now retest & if Price Action form & confirmed, I will short it once with 1:1 ratio of risks/rewards.
*EURUSD
- On daily chart, I have an overall neutral view on this pair until price reaches confluence TL(blue). Market now have its price moving back into the consolidation zone (Zone between monthly resistance & weekly support); I aspect price would rotate in the consolidation & will only give trending direction after major breakout.
- On the other hand in H1 chart, there is perhaps a minor bearish sentiments that attract me. EU price is strongly bearish since 2 weeks back, by break & closed below the daily support with strong momentum indicates bear is still in control for the mean time.
- Price now retest & if Price Action form & confirmed, I will short it once with 1:1 ratio of risks/rewards.
Trade closed: stop reached
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.