EUR/USD Broken Trendline? Key trade to look out for next week
EUR/USD has broken a key trendline. It is now retesting it, if the retest is successful and it bounces from the trendline, we are expecting to have a short term sell setup. This is how you confirm that there is downside after a trendline is broken, it breaks, retests and then starts to go down. Be careful with the sell trade as I do believe that it is short term. Long term I do believe we are looking at more upside. I can see further Euro weakness. Trade safe Traders.
Note
Another rejection from resistance @1.19905
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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.