FenzoFx—EUR/USD bearish momentum extended to $1.154, the lower line of the flag. This is a support area backed by the Bullish FVG.
The immediate resistance is at $1.157. From a technical perspective, a close above this level can trigger an uptrend, targeting the bearish FVG at approximately $1.170 to $1.175.
Please note that the bullish outlook should be invalidated if EUR/USD falls below the main support level at $1.145.
The immediate resistance is at $1.157. From a technical perspective, a close above this level can trigger an uptrend, targeting the bearish FVG at approximately $1.170 to $1.175.
Please note that the bullish outlook should be invalidated if EUR/USD falls below the main support level at $1.145.
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Knowledge Should Be Free – And So Is Your Path to Trading Success.
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.