Euro / U.S. DollarShort
EUR/USD 4HR // 18 July 2024 Analysis
EUR/USD has a beautiful downtrend setting up on the 4HR timeframe.
We can see that the price is moving towards the trendline.
If the price touches the trendline and shows us a good rejection from the the trendline as well as the area of support/resistance marked, we can look for potential sells.
A good area to target in the long run would be the 1.07500 area.
We can see that the price is moving towards the trendline.
If the price touches the trendline and shows us a good rejection from the the trendline as well as the area of support/resistance marked, we can look for potential sells.
A good area to target in the long run would be the 1.07500 area.
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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.