Trade idea.
If EURUSD fails to move below both of the lines, the medium-term downside and the short-term upside one, then there might be a chance for the bulls to step in again and drive the pair higher, towards the high of last week, or even above.
If the rate starts falling below those lines, wait for a daily close. If it stays below, then there is a good chance we may see some further declines.
Please see the chart for levels and targets.
Don't forget your stop-loss.
If EURUSD fails to move below both of the lines, the medium-term downside and the short-term upside one, then there might be a chance for the bulls to step in again and drive the pair higher, towards the high of last week, or even above.
If the rate starts falling below those lines, wait for a daily close. If it stays below, then there is a good chance we may see some further declines.
Please see the chart for levels and targets.
Don't forget your stop-loss.
Note
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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.