On 8 September I wrote that a relief rally could be next for EurUsd and this should be considered an opportunity for traders to sell rallies around resistance and join the downtrend at better prices.
Indeed the pair rose and reversed exactly from under 1.0780 resistance.
The recent rise is corrective in nature and formed a flag pattern and we could see a new leg down.
I remain bearish under 1.08 and my target is the 1.0550 zone with interim support at the recent low.
Indeed the pair rose and reversed exactly from under 1.0780 resistance.
The recent rise is corrective in nature and formed a flag pattern and we could see a new leg down.
I remain bearish under 1.08 and my target is the 1.0550 zone with interim support at the recent low.
📈 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.