At the moment the Euro is pulling back from a strong support , if it does pullback from strong support that means if could go for longer position than the previous highest one which is 1.19. Our main target for short position was 1.166 however the price is consolidating before the major support and also trying to make a double bottom. Fundamental could trigger the price to hit 1.166 but chances are quite slim. As long price stays above 1.705 resistance then it'll most likely test 1.75... If the price do make a bullish momentum it'll most likely break 1.19 since we already have double tops also at 1.19.. Both rsi and macd showing complete oversold...
my last analysis
my last analysis
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.
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.