fxpremiere

Eurusd downtrend

Short
FX:EURUSD   Euro / U.S. Dollar
EURUSD

The market was rejected 3 times at resistance. Bulls don't have enough strength to break the level which means the price might make a deeper pullback for more accumilation. The market is struggling to make a new high, and it's heading toward a support level. I expect the price to fall from resistance after the channel breakout. My goal is to support around 1.08800

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.