EURUSDHi guys , how you doing ? , I hop you're all fine
EURUSD is now in the a descending channel
The price also touching EMA which can act as a resistance
So until now , we have 2 good and obvious resistances (EMA and the channel)
Also the momentum is decreasing and getting bearish
therefore it's logical to say that EUR gonna be bearish for short-term of time .
But I not gonna enter the bearish move , I prefer to stay and enter with bulls at 1.16640
I hope the bears will lead the price to that target
But for now it's bearish
so that's my opinion .
what's your suggestion and idea guys ?
I'd be glad to know your opinion !
Note
*this is just a personal analysis and this person has no responsibility of your trade and risk*Trade active
Long position opened
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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.