Eurusdforecast
EUR/USD SHORT SELL OPPOTUNITY NOW..
Hello Traders, here is the full analysis for this pair,
let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be
satisfied. I suggest you keep this pair on your watch list and see if
the rules of your strategy are satisfied.
Dear Traders,
If you like this idea, do not forget to support with a like and follow.
PLZ! LIKE COMMAND AND SUBSCRIBE.
DeGRAM | EURUSD range EURUSD could not make a higher high on the 1 hourly timeframe.
It's continuing to break support and resistance levels without clear direction.
The market is still indecisive.
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
Bearish candlestick formation in the daily chart, price may dropDear traders, as a continuation of my previous idea, I am adding further relevant points
and updating the EUR/USD idea in view of the current developments in the market and also
adding a possible trade signal.
In the daily chart, you can see that bearish candlesticks have formed in the resistance level.
This is a strong indicator that price may drop further in the coming days.
If EUR/USD is unable to break the resistance level that I have highlighted with a circle in my chart,
I would advise traders to short EURUSD@1.07-1.0760 with SL above 1.08 and TP at 1.04
EUR/USD runs into overhead resistance, price may fall furtherEUR/USD is in a prolonged downtrend for quite sometime now. After reaching the multi-year
lows at 1.03 level, EUR/USD staged some pullback and managed to reach close to the 1.08 level.
However, the recovery seems to have run out of steam . A combination of technical and fundamental
factors may cause EUR/USD to tumble in the coming days.
The broken support level at 1.08 might turn into resistance. In addition to this, the 100-day EMA lies just
above it which might offer strong dynamic resistance. Furthermore, geopolitical disturbances and concerns
about global financial health will likely weigh on the Euro as the US Dollar is expected to stay strong.
The confluence of the above factors can mean that the circular area that I have highlighted in my chart
will likely be a strong resistance level.
Possible Signal
Sell EUR/USD between 1.08-1.09 with Stop loss about the resistance and TP at 1.0350