Good morning and nice Friday, traders, today I want to show a simple technical analysis for EUR/USD what I see. So, EUR/USD it's come from to a trend up from few days and now, we are in this point on Daily!!!
We are in the high zone of sell into this bearish channel.
The scenario in H4 timeframe is bearish so bearish and this par it's can be a movement of moere of a drop of 1% and we can to pick up more pips again in this par, so, beautiful entry in short.
So, in H1 timeframe, this is my enfocous in my technical analysis and it's seem that EUR/USD want to drop and this is a strong sell signal in Forex, so, for me, I can to proyect what EUR/USD want to leave at 0.382 or 0.618 of Fibonacci (0.618 it's a highly zone what the price leave it) and pick up 70 pips if EUR/USD may leave it. And so, the indicator are overbuy, so, RSI show there a bearsh divergence.
Now, please note and be consciente of all news, because United States has entry in a possible cold war with China, and this tension it's will be affect all Forex pars and currency, because EUR it's may be to sell if this is very and very ugly this tensons.
We are in the high zone of sell into this bearish channel.
The scenario in H4 timeframe is bearish so bearish and this par it's can be a movement of moere of a drop of 1% and we can to pick up more pips again in this par, so, beautiful entry in short.
So, in H1 timeframe, this is my enfocous in my technical analysis and it's seem that EUR/USD want to drop and this is a strong sell signal in Forex, so, for me, I can to proyect what EUR/USD want to leave at 0.382 or 0.618 of Fibonacci (0.618 it's a highly zone what the price leave it) and pick up 70 pips if EUR/USD may leave it. And so, the indicator are overbuy, so, RSI show there a bearsh divergence.
Now, please note and be consciente of all news, because United States has entry in a possible cold war with China, and this tension it's will be affect all Forex pars and currency, because EUR it's may be to sell if this is very and very ugly this tensons.
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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.
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.