EURUSD TECHNICAL ANALYSIS FROM 8 TO 12 MARCH, 2021
EURUSD TECHNICAL ANALYSIS FROM 8 TO 12 MARCH, 2021
As Dow theory, EURUSD still in an uptrend in the week timeframe but there are some important points that should be aware below:
- Price comes back to the supply zone (1.1634- 1.19256)
- Ascending trendline (the black line) is broken, confirmed and the red marubozu showed that the price might be down more to the next level of support.
My plan for EU this week is to wait and Sell. The entry for this plan will be updated soon.
As Dow theory, EURUSD still in an uptrend in the week timeframe but there are some important points that should be aware below:
- Price comes back to the supply zone (1.1634- 1.19256)
- Ascending trendline (the black line) is broken, confirmed and the red marubozu showed that the price might be down more to the next level of support.
My plan for EU this week is to wait and Sell. The entry for this plan will be updated soon.
Comment:
First entry: 1.900 for short
Comment:
Price fell down for 14pips. You can close apart of your profit now (30% volumn)