EURUSD is now struggling whether its gonna go up or down.
Explanation:
EURUSD touched resistance trendline for a third time and declined it, so we can see one opportunity
for sell or we have a bullish bias, when it comes back down little bit and then break+retest the trendline
and make some major correction to 1.14200.
Daily and Weekly candles shows us that bears are more in charge and EU from longterm point of view
EURUSD is still in kind of consolidation.
Let's wait for price action and whats gonna be result. I will update this idea soon.
Don't forget to trade carefuly guys. Good luck to everyone
Explanation:
EURUSD touched resistance trendline for a third time and declined it, so we can see one opportunity
for sell or we have a bullish bias, when it comes back down little bit and then break+retest the trendline
and make some major correction to 1.14200.
Daily and Weekly candles shows us that bears are more in charge and EU from longterm point of view
EURUSD is still in kind of consolidation.
Let's wait for price action and whats gonna be result. I will update this idea soon.
Don't forget to trade carefuly guys. Good luck to everyone
Note
Update of possibilities on EUNote
BoomNote
We are retesting previous resistance, that means that we could head up to 1.14000 areaTrade closed: stop reached
Im out of EU right now. Very choppy marketTrade closed: target reached
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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.
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.