Exactly 10 days ago we saw that price action on EURUSD slowed down and we expected an upside move.
However, this upside move doesn't have enough strength to continue. During last week we saw this pair testing the 1,2000 level multiple times, but every time that was followed by a downside push.
Right now, EURUSD is holding inside of the 1,1918-1,1970 zone and if we see a break below, that means we could see another move to the downside and price reaching the 1,1850 level.
Do not enter a trade before you get a confirmation signal!
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.