EURUSD is in downtrend in short term after forming sharp bullish wave
Price is below key level at 1.1217
Rejected from 50% Fibonacci level at 1.1209
Based below SMA 100
Below HVN at level 1.1318 which indicates that pair is in distribution phase
MACD shows weakness in bullish momentum
RSI rejected from resistance level
It's expected more selling to target demand zone at level 1.0850
Price is below key level at 1.1217
Rejected from 50% Fibonacci level at 1.1209
Based below SMA 100
Below HVN at level 1.1318 which indicates that pair is in distribution phase
MACD shows weakness in bullish momentum
RSI rejected from resistance level
It's expected more selling to target demand zone at level 1.0850
Trade active
Hit Take Profit (1) +78 pips
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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.