EURUSD Trade Idea
EU is currently in a range bound condition, on Thursday's (24th) forecast, I expected EU break the flag pattern to continue the bearish sentiment. However, we could see a busted flag pattern forming if the bottom trendline of the flag is violated. Currently looking for long opportunities if price breaks above 1.2270 resistance zone. However, if price again rejects the 1.2270 high or beginning to show lower highs sequence, we could expect EU to break below 1.2170 support back to 1.2070 zone.
Trade safe.
Do follow my profile for daily fx forecast.
Trade safe.
Do follow my profile for daily fx forecast.
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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.