EURUSD - BEARISH - 1.0500 TARGET

Updated

Traders, price is boxed in between 1.0575 and 1.0615. Bearish sentiment. A break of support and continuation will see 1.0500 target hit. Expecting a pullback(possibly to 1.0635/50) where we can look for SELLS if price action looks favorable. Be ready to trade either way.
DIONNG

Note

Traders, EU breached 1.0500(1.0488 low) and is trading around 1.0512(02:20). We are still bearish on this pair and any push higher may be met with resistance. Short-term buy opportunities to areas of supply and/or continuation lower(if support breaks). Ideally, we would want support tested and a significant bounce to the upside to consider BUYS. Trade accordingly.
DIONNG

DIONNG

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.