EURUSD, as explained in my previous post on 14th Oct, has continued to climb and reach the top of a 3-Month falling channel.
Since then, the price found resistance and moved sideways and at the same time, it broke below a rising trendline which signifies for a probable reversal.
Yesterday after Draghi's final speech, EURUSD came down steadily and reached 1.1100.
Retracement has taken place and traders can look for a selling opportunity from 1.1130 to 1.1120.
Since then, the price found resistance and moved sideways and at the same time, it broke below a rising trendline which signifies for a probable reversal.
Yesterday after Draghi's final speech, EURUSD came down steadily and reached 1.1100.
Retracement has taken place and traders can look for a selling opportunity from 1.1130 to 1.1120.
Note
Target profit from 1.1020 to 1.1000
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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.
Related publications
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.