EURUSD reaches resistance, might drop
EURUSD has been following a down trend reaching towards a really strong support, and went up as soon as it reached it. It has now, however reached a strong (but weaker than the support) resistance point. If EURUSD doesn’t surpass the resistance, it is most likely returning to support. This is a short term trade. After reaching support again, it will most probably rise.
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.