EURUSD has broken from a strong range, and currently is in strong downtrend with no clear indication with a leg up.
EU is now testing strong resistance level, and I doubt it can break this resistance area on first try, that's why I am going to short today EURUSD.
We still have EMA downtrend.
Bearish 1H close.
RSI is above 60, but holding on thin ice.
My take profit is around 1.1640 ( Around 30 pips).
Good luck with this trade!
Tibor
EU is now testing strong resistance level, and I doubt it can break this resistance area on first try, that's why I am going to short today EURUSD.
We still have EMA downtrend.
Bearish 1H close.
RSI is above 60, but holding on thin ice.
My take profit is around 1.1640 ( Around 30 pips).
Good luck with this trade!
Tibor
Note
Already 20 pips down since the post of analysis, another leg down expected.. Note
5m Chart in a Rising wedge.RSI double top.
MACD selling wave signals first selling tick.
Note
15m bigger picture.Trade closed: target reached
Trade closed at 1.16414 +30 pips!
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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.