Recap:
As discussed in last week's update, EURUSD bulls started losing momentum, and a correction became likely.
Current situation:
• The move from 1.1400 to 1.1577 appears to have been a blow-off top.
• Price is now stuck in the middle of the range, showing signs of weakness.
Key level to watch:
• 1.1310 is critical support.
• A confirmed break below could open the path toward the 1.1100 area.
Trading plan:
➡️ I am closely monitoring the 1.1310 zone for a potential breakdown and continuation lower.
[I]
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
As discussed in last week's update, EURUSD bulls started losing momentum, and a correction became likely.
Current situation:
• The move from 1.1400 to 1.1577 appears to have been a blow-off top.
• Price is now stuck in the middle of the range, showing signs of weakness.
Key level to watch:
• 1.1310 is critical support.
• A confirmed break below could open the path toward the 1.1100 area.
Trading plan:
➡️ I am closely monitoring the 1.1310 zone for a potential breakdown and continuation lower.
[I]
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
📈 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.