Hey Traders,
EURUSD was moving in a range for almost two weeks, and now it is preparing to continue its bearish move towards the 1.060 and 1.053 levels. We can see how the daily 50 EMA is reacting to the price. This EMA is reacting as a support/resistance to the price. Any entry from now requires a stoploss above the daily EMA, targeting recent lows and the 1.060 level.
Goodluck and trade Safe!
EURUSD was moving in a range for almost two weeks, and now it is preparing to continue its bearish move towards the 1.060 and 1.053 levels. We can see how the daily 50 EMA is reacting to the price. This EMA is reacting as a support/resistance to the price. Any entry from now requires a stoploss above the daily EMA, targeting recent lows and the 1.060 level.
Goodluck and trade Safe!
Note
EURUSD DAILY 
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.
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.