Hi guy. EURUSD falling for a long time.
But from end of past year we see some correction to upside.
From my point of view it is forming bearish flag pattern.
Also we can see false breakout of trendline.
I think it will drop more , it has some space till weekly support level.
Why I wrote it risky ?: DXY can drop more , if DXY drops , EURUSD may break trendline to upside again and hit sl. But we have good RR.
But from end of past year we see some correction to upside.
From my point of view it is forming bearish flag pattern.
Also we can see false breakout of trendline.
I think it will drop more , it has some space till weekly support level.
Why I wrote it risky ?: DXY can drop more , if DXY drops , EURUSD may break trendline to upside again and hit sl. But we have good RR.