Euro / U.S. DollarShort
EURUSD Correction Inbound
Bearish Bias due to:
-Triple Top/ Head & Shoulders
-Bearish Divergence
-Channel Resistance
-Monthly/Weekly Resistance
-2021 Down Trend Line Resistance
There are other bullish indicators, but in my opinion there are more bearish indications for a reversal/correction. Surely there may be market manipulation but the correction is inbound and over due especially after the 1000+ pip climb from
about ≈ 0.95000. Since that climb to 1.0600 there has been no significant correction/retest.
-Triple Top/ Head & Shoulders
-Bearish Divergence
-Channel Resistance
-Monthly/Weekly Resistance
-2021 Down Trend Line Resistance
There are other bullish indicators, but in my opinion there are more bearish indications for a reversal/correction. Surely there may be market manipulation but the correction is inbound and over due especially after the 1000+ pip climb from
about ≈ 0.95000. Since that climb to 1.0600 there has been no significant correction/retest.
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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.