Euro / U.S. DollarShort
EU Weekly Analysis
Weekly: The market is in a clear downtrend. The pair seems to have completed its pullback as it retested the key level 1.175. It then formed a bearish engulfing signal which wipe out the previous bullish run, indicating that the bears has wrestled back in control and there is more downside to be seen in the upcoming weeks. The key level at 1.175 are also respected. The downside target is 1.5 &1.4 respectively.
Bias
Long-term: Short
Short-term: Short
Bias
Long-term: Short
Short-term: Short
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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.