Euro / U.S. DollarShort
EURUSD is breaking down
Since 2015 Q1, the EURUSD was in a rectangular consolidation mode for 92 weeks. EURUSD is already broken below 2015 March low 1.0465. Now investor should ask a question himself if this breakout is a real or false breakout?
A real breakout means it's going to go downside for the coming 2-3 months, it's time to short EURUSD. with measured target 1.03 and 1.0 and ultimate target 0.86. a real breakout should not pass 1.09 so the stop loss will be 1.09.
A real breakout means it's going to go downside for the coming 2-3 months, it's time to short EURUSD. with measured target 1.03 and 1.0 and ultimate target 0.86. a real breakout should not pass 1.09 so the stop loss will be 1.09.
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.