In my last EurUsd analysis I said that I expect the pair to drop to 1.14 zone support in the medium term and the break under 1.17 support bring confirmation for this scenario
Last week, EurUsd has made a new local low at 1.1560 and, as normal, the pair has corrected some of the losses
However, the rise from this low has formed a flag formation which gives us reasons to expect continuation to the downside
The short term support is around 1.1585, and a break here could lead to a new low under 1.1560
Last week, EurUsd has made a new local low at 1.1560 and, as normal, the pair has corrected some of the losses
However, the rise from this low has formed a flag formation which gives us reasons to expect continuation to the downside
The short term support is around 1.1585, and a break here could lead to a new low under 1.1560
📈 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.