I believe that following its retracement back to 1.26100 (now complete), it looks like bearish continuation will happen however wait for candlestick confirmation perhaps on the H1 chart before placing Shorts.
My target price is a retest of the bottom range 1.25675 - 600
In addition to the Stochastics, and SMAs, i would consider opening a EUR/USD chart to see the negative correlation to assist in your decision
Best of luck.
My target price is a retest of the bottom range 1.25675 - 600
In addition to the Stochastics, and SMAs, i would consider opening a EUR/USD chart to see the negative correlation to assist in your decision
Best of luck.
Note
NOTE - I am moving my SL to 1.26290
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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.