EURUSD - Intraday - We look to Sell at 1.2197 (stop at 1.2217)
Trading within a Bearish Channel formation.
Broken out of the wedge to the downside.
Trend line resistance is located at 1.2200.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
Bearish divergence is expected to cap gains.
Our profit targets will be 1.2138 and 1.2118
Resistance: 1.2180 / 1.2200 / 1.2220
Support: 1.2160 / 1.2140 / 1.2130
Trading within a Bearish Channel formation.
Broken out of the wedge to the downside.
Trend line resistance is located at 1.2200.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
Bearish divergence is expected to cap gains.
Our profit targets will be 1.2138 and 1.2118
Resistance: 1.2180 / 1.2200 / 1.2220
Support: 1.2160 / 1.2140 / 1.2130
Trade closed: stop reached
Related publications
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.
Related publications
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.