EURUSD is trading in a strong bearish trend since May. Setting a new low in January the price bounced to a major supply cluster. From that a bearish movement initiated.
To catch a bearish trend continuation watch the reaction of the price to a major falling trend line. For now the pair is trading above that. In case of its breakout I will expect a bearish move to 1.1145 / 1.101.
Have a great weekend!
❤️Please, support this idea with like and comment!❤️
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.