eurusd direction
Note
price is right at the trendline, if it breaks it you know what to do, if it doesn't its obviousNote
broke trendline, now if it breaks also the major resistance, then it would be bullish, otherwise, bearishNote
if price of eur/usd breaks the purple support line, then eurusd will most likely continue a big downtrend. However, if it bounces up and breaks the blue trendline, then you could go bullishNote
Price failed to break the purple support line, this means that there will be probably be a consolidation for the next hours.Note
price is right at the resistance line, if it breaks it, then its bullish if it fails, then bearish direction.Disclaimer
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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.