#EURUSD failed to form higher high and higher low to continue bullish trend. eurusd made a high on 1st July 1.1830, then price started retrace downside. 7th July daily bearish engulfing candle formed , early indication for selling. 23rd July price moved up side to test supply zone. Price did not break high of bearish engulfing candle and fall back. Price started heavily fall and broke recent supply level 1.1557 and form Lower High that is indication for trend reversal.
1.1738-70 ideal level for selling which is daily supply zone. stop loss above 1.1770 i.e. 1780-1.1800. target: 1.1490 and even may expect further down.
1.1738-70 ideal level for selling which is daily supply zone. stop loss above 1.1770 i.e. 1780-1.1800. target: 1.1490 and even may expect further down.
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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.