Hello Traders! 👋
What are your thoughts on EURUSD?
After last week's sharp decline, EUR/USD rebounded slightly on Friday, initiating a corrective move to the upside.
We anticipate this retracement to extend over the next few days, likely reaching the broken trendline and former support zone, which now acts as resistance.
As long as the pair remains below this resistance area, the bearish outlook remains valid.
Once the pullback is complete, we expect renewed downside pressure toward the next support levels.
💬 Is this just a corrective move before another leg down? Let us know your thoughts below! 👇
Don’t forget to like and share your thoughts in the comments! ❤️
What are your thoughts on EURUSD?
After last week's sharp decline, EUR/USD rebounded slightly on Friday, initiating a corrective move to the upside.
We anticipate this retracement to extend over the next few days, likely reaching the broken trendline and former support zone, which now acts as resistance.
As long as the pair remains below this resistance area, the bearish outlook remains valid.
Once the pullback is complete, we expect renewed downside pressure toward the next support levels.
💬 Is this just a corrective move before another leg down? Let us know your thoughts below! 👇
Don’t forget to like and share your thoughts in the comments! ❤️
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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 FREE FOREX &CRYPTO SIGNALS TELEGRAM CHANNEL:
t.me/+1gFAIO4CJJw3NTU0
✅INSTAGRAM:
instagram.com/marketanalaysis
t.me/+1gFAIO4CJJw3NTU0
✅INSTAGRAM:
instagram.com/marketanalaysis
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.