Eurusdforecast
Short Position on EURUSD-4HHello Traders !
This is a Technical view on EURUSD. We're looking to taking a Short Position on EU in the next few hours. For the following reasons:
After the Rally we had seen last Month of May 2022, The Market found a Historical Resistance at 1.0780 and rejected to the down side,
creating an equal support at 1.0650 and bounced back to the upside a little bit and Created a bearish Head & Shoulders Pattern.
Next thing is that the market is in a bearish environment at 4h, which may give us the possibility to look for short to go and test the Strong MS at 1.0520.
TRADE CAUTIOUSLY..
EURUSD_H4 Bullish SymmetricalTriangle Formation Need To BreakoutEURUSD_H4 Bullish Symmetrical Triangle Formation Need To Breakout for true Symmetrical triangle, if market upper breakout this formation is Bullish Symmetrical Triangle Formation Otherwise Neutral. if you like my idea follow me and share your opinion in comments. Thank you
EURUSD drop with trendline resistanceEU will short! Technically EU create hidden bearish divergence in daily timeframe!
Attention, there is no place for luck in trading - only your strategy!
This analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions.