Two weeks ago, I mentioned that while a new high was possible, the bigger move in EUR/USD should be to the downside.
Indeed, the pair dropped from above 1.0900 and recently found support around the 1.0730 zone.
The recent recovery appears corrective, unfolding in a flag pattern, and I expect another leg down toward 1.0600.
Bearish confirmation comes with a daily close below 1.0750, and my preferred strategy is to sell rallies.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
Indeed, the pair dropped from above 1.0900 and recently found support around the 1.0730 zone.
The recent recovery appears corrective, unfolding in a flag pattern, and I expect another leg down toward 1.0600.
Bearish confirmation comes with a daily close below 1.0750, and my preferred strategy is to sell rallies.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
📈 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.