EUR/USD - 4HR Chart
We can see price was respecting this ascending channel. We broke with a strong bearish push after price failed to test the upside of the channel.
We are currently testing 1.21 which has acted as a key psychological resistance level previously. Will we see the strong bearish move to the downside as forecasted?
Watch out for NFP release today - it will certainly increase volatility in the FX markets!
Have a great trading day!
We can see price was respecting this ascending channel. We broke with a strong bearish push after price failed to test the upside of the channel.
We are currently testing 1.21 which has acted as a key psychological resistance level previously. Will we see the strong bearish move to the downside as forecasted?
Watch out for NFP release today - it will certainly increase volatility in the FX markets!
Have a great trading day!
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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.