EURUSD Going Down
#trading_idea #EURUSD 💡
💸 #EURUSD - We May See A Further Decline
With Powell's speech coming up later today, the markets are starting to adjust. On the 1-hour chart, the euro has slipped below the 50-period moving average and the 1.1130 resistance level. A bearish engulfing candle suggests that the decline might keep going. The MACD is showing that the bears are in control, and the Bulls & Bears indicator is backing up their strength.
🔽If the price breaks down the middle line of Bollinger Bands the further decline to 1.1101 is possible.
🔼Otherwise, a retest the resistance 1.1130 is likely.
What do you think?🤔
😎 Choose"👎" if you expect a decline and "👍" if you expect a price hike.
💸 #EURUSD - We May See A Further Decline
With Powell's speech coming up later today, the markets are starting to adjust. On the 1-hour chart, the euro has slipped below the 50-period moving average and the 1.1130 resistance level. A bearish engulfing candle suggests that the decline might keep going. The MACD is showing that the bears are in control, and the Bulls & Bears indicator is backing up their strength.
🔽If the price breaks down the middle line of Bollinger Bands the further decline to 1.1101 is possible.
🔼Otherwise, a retest the resistance 1.1130 is likely.
What do you think?🤔
😎 Choose"👎" if you expect a decline and "👍" if you expect a price hike.
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