Target: 1.1015
Risk: 1.1635
The EURUSD pair declined clearly to retest the previously breached bullish flag resistance, as the price is facing positive factors now, provided by the exponential moving averages 50 and 100 besides stochastic, but MACD offers negative signal that supports the chances of continuing the decline.
In general, we are waiting for more negative trading to head towards 1.1015 level, and breaking 1.1375 level will open the way to achieve our target.
fxhighway.com
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FXHighway mobile App:
Android: play.google.com/store/apps/details?id=com.fxhighway.apps
IOS: itunes.apple.com/WebObjects/MZStore.woa/wa/viewSoftware?id=1071234193&mt=8
Risk: 1.1635
The EURUSD pair declined clearly to retest the previously breached bullish flag resistance, as the price is facing positive factors now, provided by the exponential moving averages 50 and 100 besides stochastic, but MACD offers negative signal that supports the chances of continuing the decline.
In general, we are waiting for more negative trading to head towards 1.1015 level, and breaking 1.1375 level will open the way to achieve our target.
fxhighway.com
facebook.com/fxhighwaycom/
twitter.com/
FXHighway mobile App:
Android: play.google.com/store/apps/details?id=com.fxhighway.apps
IOS: itunes.apple.com/WebObjects/MZStore.woa/wa/viewSoftware?id=1071234193&mt=8
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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.
Related publications
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.