Euro / U.S. Dollar
Long

EURUSD-Weekly Market Analysis-Mar20,Wk1

199
It is still a bearish trend on the EURUSD on both the Daily chart and 4-hourly chart. However, with such a strong retracement(bullish on the daily) I am looking for a buying opportunity.

On the 1-hourly chart, there is a bullish bat, but on this formation point C touches A which may create a strong downwards movement. A candle confirmation is necessary before I consider to buy this pair.

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.