there is two important factor right now that show weakness of EURUSD long-term
first we have creation of double top on daily time frame and it is strong reversal pattern that can dump price hard and whenever price is below this daily resistance 1.2340 then this pattern is forming and is still valid .
second one is that red trendline that is forming and can dump price easily like previous time so first resistance zone is here and then again as we said another one is around 1.2300 zone if it reach.
targets and supports ahead:
A. 1.2050
B. 1.1960
DISCLAIMER: ((trade based on your own decision ))
<<press like👍 if you enjoy💚>>
first we have creation of double top on daily time frame and it is strong reversal pattern that can dump price hard and whenever price is below this daily resistance 1.2340 then this pattern is forming and is still valid .
second one is that red trendline that is forming and can dump price easily like previous time so first resistance zone is here and then again as we said another one is around 1.2300 zone if it reach.
targets and supports ahead:
A. 1.2050
B. 1.1960
DISCLAIMER: ((trade based on your own decision ))
<<press like👍 if you enjoy💚>>
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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.
My telegram channel:
t.me/mmbtchannel
VIP Channels:
Forex:+400Pips & Crypto +420% monthly profit at VIP.
check pinned messages in my telegram channel for more info.
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.