EUR/USD - SHORT
Potential short setup on EUR/USD into the upcoming week.
We have had a nice rejection from the 78.6 fib on the daily time frame and a big bearish move on Friday down to previous daily support of 1.05200.
We are now sat at this key daily support and a break below this level should result in some new lows. We have had a CTL break and a MA crossover on the 2H time frame. I will now look to see a break and retest of the 1.05200 and will look for resulting price action in order to get a short entry.
For more trading ideas head over to my instagram! Link in my BIO.
We have had a nice rejection from the 78.6 fib on the daily time frame and a big bearish move on Friday down to previous daily support of 1.05200.
We are now sat at this key daily support and a break below this level should result in some new lows. We have had a CTL break and a MA crossover on the 2H time frame. I will now look to see a break and retest of the 1.05200 and will look for resulting price action in order to get a short entry.
For more trading ideas head over to my instagram! Link in my BIO.
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.