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Loss of momentum ?
Euro / U.S. Dollar
Short
Loss of momentum ?
By Augustus1st
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Jan 4, 2023
1
Jan 4, 2023
After a nice bounce thanks to a weaker dollar, prices seems to have touch a high level.
For the moment, 1.07382 is the level to break, but the DMI indicator shows that the trend is losing strength, with a falling ADX (in yellow).
Main support is still the daily Kijun, if it breaks, daily cloud should be tested soon !
Invalidation of this signal by a breakout of the highest short term level written above.
ADX
Chart Patterns
dollar
EUR
EURUSD
Forex
forxtrading
Technical Indicators
short
shorttrade
Trend Analysis
Augustus1st
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