EURUSD formed a double top a few days ago, and has recently broken below support. We will likely see a movement down to 1.21000 in the next couple of days.
Furthermore, that wave down will put it right on the long term ascending trendline from 4/11/2017.
It may be a good spot to buy there, provided that EURUSD doesn't push below that trendline . We will see.
Remember to do your own due diligence before trading.
Furthermore, that wave down will put it right on the long term ascending trendline from 4/11/2017.
It may be a good spot to buy there, provided that EURUSD doesn't push below that trendline . We will see.
Remember to do your own due diligence before trading.
Note
EURUSD may be forming a H&S pattern. We're holding our shorts for now.
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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.