As I said multiple times in the past 2 weeks, 1.0350 is strong resistance for EurUsd and I expect a drop from this zone.
Although the pair had a spike above this zone and reached 1.0475(which is marked by a strong Pin Bar), the overall idea was the same: resumption of the downtrend.
Last week we have distribution in this zone and now the pair looks ready for a drop.
My target for this drop remains under 1.01 and as long as last week's high is intact sell rallies is my strategy
Although the pair had a spike above this zone and reached 1.0475(which is marked by a strong Pin Bar), the overall idea was the same: resumption of the downtrend.
Last week we have distribution in this zone and now the pair looks ready for a drop.
My target for this drop remains under 1.01 and as long as last week's high is intact sell rallies is my strategy
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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.