ForexTrendline

Is that the bottom on EURUSD?

FX_IDC:EURUSD   Euro / U.S. Dollar
The main questions that we get right now are if that's the bottom and are we going to see a reversal.

The downtrend is really strong and we're expecting to see a breakout of the 1,0000 level.

Right now, we're in a pullback and we would expect to have more selling opportunities once it ends.

Such opportunities would be if price manages to push higher to around 1,0150 and it then reverses.

The targets will be again a retest of the lows and also a possible breakout.

Therefore, the trend is still valid and we should see a new lower low!

✅ JOIN FREE TELEGRAM: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💰 PAID SIGNALS AND ANALYSIS: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
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.