EURUSD Short Idea
Hello
I think the price has reached the overbought area. If the price enters the downward phase, it is likely to fall as much as the last step. The last step is a sharp step that may come back sharp. That is, up to the range of 1.08365. In this area, there are 2 good supports and one good resistance.
Also, in the last step, the price has rested in 2 areas, which may be the order block in these areas. One is 1.08820 and the other is 1.08670.
I think the price has reached the overbought area. If the price enters the downward phase, it is likely to fall as much as the last step. The last step is a sharp step that may come back sharp. That is, up to the range of 1.08365. In this area, there are 2 good supports and one good resistance.
Also, in the last step, the price has rested in 2 areas, which may be the order block in these areas. One is 1.08820 and the other is 1.08670.
Trade closed: target reached
In this week, due to the news related to the employment rate and because it is very, very important news, the price fluctuated a little and waited for the news to be published. Anyway, I am happy that the price reached the target.
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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.