Euro / U.S. DollarShort
EURUSD Trend Idea
Updated
I never insist on my idea because it is just a possibility not a fact . The name is on it " Analyse".
The pair has been in a bearish trend for a while.Blue area is a good support. But there is not any certainty that price would be bullish from this spot.As we see price is vulnarable near this area for a while. So I am going to look for a good pattern confirmation (not just indicator) for Buy signal. Breaking upper blue line is a good confirmation. Two lower blue lines are the important keys for drop continuing . As a trader I can do nothing until one of these scenarios will happen or have Sell positions at higher risk.
The pair has been in a bearish trend for a while.Blue area is a good support. But there is not any certainty that price would be bullish from this spot.As we see price is vulnarable near this area for a while. So I am going to look for a good pattern confirmation (not just indicator) for Buy signal. Breaking upper blue line is a good confirmation. Two lower blue lines are the important keys for drop continuing . As a trader I can do nothing until one of these scenarios will happen or have Sell positions at higher risk.
Note
First important support confirmation broke to continue the bearish trend.Note
Second important key level broke too . It seems that price is open to drop to the first support @ 1.08Note
Price have seen 1.086 till now. I believe bearish trend is still on the card.Note
Price has reached to 1.0800 .
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