Euro / U.S. DollarShort
Bears will come back soon
This is a short and simple analysis.
Multi-year long ascending trend line broken and retested.
Since 2017 PA formed a double top which is now being retested.
This thesis is also confirmed by volume ascending trend with dumping PA, and volume descending trend now that PA is retesting previous support => correction.
Only thing to expect next is continuation of downtrend.
Multi-year long ascending trend line broken and retested.
Since 2017 PA formed a double top which is now being retested.
This thesis is also confirmed by volume ascending trend with dumping PA, and volume descending trend now that PA is retesting previous support => correction.
Only thing to expect next is continuation of downtrend.
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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.
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.