EUR-USD bearish until mid-2025?
Based on chart, there is potential downside for EURUSD going forward until mid 2025 or longer as long as the weekly bearish channel hold. We may stop trading the said direction if weekly candle breaks upwards (closes) outside the bearish channel.
This is a longer time frame (TF) (1W graph) directional idea.
What y'all think? Give your comments down below?
This is a longer time frame (TF) (1W graph) directional idea.
What y'all think? Give your comments down below?
Trade active
Trade still in play. Yet to break the parallel channel. This might be a good chance to start shorting EUR-USD (if not already) as candle approaches the wall / resistance. Those who holding short position may continue hold as channel still intact.
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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.