EURUSD → Flat. Break of support will continue the trend
EURUSD broke the downtrend earlier. But there is one thing - there is no change of market direction. A flat is formed within which the price is moving from resistance to supportPay attention to the
DXY . after a local stop and a false breakout, the index continues to show bullish attacks, despite the local improvement in inflation. At the same time, the EURUSD currency pair is also standing still. There is a major prerequisite for the market to continue its decline - the flag on D1. If the support at 1.05000 is broken, the price will form a bearish impulse. A rebound from the support may follow before the break of 1.05000. Moving averages show accumulation formation against the background of bearish trend.
Support levels: 1.05000, 1.0460
Resistance levels: 1.06000, 1.0632
I assume that in the long term a small correction may follow before the breakout of the above support.
Regards R. Linda!
🌹TRADING is a CASINO💔!?
NO‼️
You❗️CAN and ❗️SHOULD make money in trading!
Join me, I'll guide you to PROFITABLE TRADING💵!
🟢Free Telegram Channel:
t.me/RLindaTrade
🔴Contact:
t.me/RLindaSignals
🧿Web: rlinda.com
NO‼️
You❗️CAN and ❗️SHOULD make money in trading!
Join me, I'll guide you to PROFITABLE TRADING💵!
🟢Free Telegram Channel:
t.me/RLindaTrade
🔴Contact:
t.me/RLindaSignals
🧿Web: rlinda.com
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.