AlgoVenture

EURUSD Bearish Engulfing, Looking To Sell Further

Short
FX:EURUSD   Euro / U.S. Dollar
EURUSD started to reverse on a bearish engulfing at a strong supply zone.

Price has came down significantly and even broke below a 1-month rising channel and has since continued to fall.

Wait for the price to pull back to the supply zone, created by the breakout of the rising channel at 1.088, targeting 1.0730, and 1.060.
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.