EURUSD: 1.2420 heavily broken, bearish pressure to accelerate
Updated
Hey guys,
As you can see in my chart, the level of interest 1.2420, according to MP, has been heavily broken by bears.
This can suggest that EUR/USD bears are in control and going to push it downwards.
Inversely, USD/CHF should benefit from EUR weakness and go north.
The trend line you see is from the ZIGZAG indicator and is not a trend line I have added manually.
Trade with care
Cheers
Jesse
As you can see in my chart, the level of interest 1.2420, according to MP, has been heavily broken by bears.
This can suggest that EUR/USD bears are in control and going to push it downwards.
Inversely, USD/CHF should benefit from EUR weakness and go north.
The trend line you see is from the ZIGZAG indicator and is not a trend line I have added manually.
Trade with care
Cheers
Jesse
Trade closed: target reached
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