Euro / U.S. Dollar
Short

EURUSD - Short Opportunity

354
Last week, the EUR/USD experienced a significant breakout from a long-term bullish trendline, suggesting a potential trend reversal. The price is currently approaching the resistance level at 1.05150, which closely aligns with the broken bearish trendline.

I expect a reversal in the trend and a significant drop. The price may reach at least the support level of 1.03765 again and potentially drop lower.

NOTE: Do not apply trades blindly. Wait for confirmation and always analyze lower timeframes.

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.