Hey guys,
As you can see in my chart, the level of interest 1.2420, according to MP, has been heavily broken by bears.
This can suggest that EUR/USD bears are in control and going to push it downwards.
Inversely, USD/CHF should benefit from EUR weakness and go north.
The trend line you see is from the ZIGZAG indicator and is not a trend line I have added manually.
Trade with care
Cheers
Jesse
As you can see in my chart, the level of interest 1.2420, according to MP, has been heavily broken by bears.
This can suggest that EUR/USD bears are in control and going to push it downwards.
Inversely, USD/CHF should benefit from EUR weakness and go north.
The trend line you see is from the ZIGZAG indicator and is not a trend line I have added manually.
Trade with care
Cheers
Jesse
Trade closed: target reached
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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.