CLEAR BEARISH CHANNEL THERE. BREAKOUT , NOW IN RETRACEMENT MOFE BEFORE THE HUGE FALL HAPPENS SOONER OR LATER. WAIT FOR PRICE TO SHOW CLEAR ENTRIES ON M15 OR M30 THEN YOU CAN SAFELY RIDE THE SEEL. LONG TERM. RR 1:8
Technical Analysis of EUR/USD
Option=1 The EUR/USD pair has moved lower during the corrective cycle and hit the level of 1.1755, which is the main channel lower line. Any violation of this level will only deepen the correction towards the next key technical support seen at the level of 1.1655. The momentum is below the fifty levels already and the market is...
The EUR/USD pair faces strong resistance at the levels of 1.1384 because The EUR/USD pair knows saturation at the area of 1.1384-1.3050 on June 05, 2020. However, if the pair fails to pass through the level of 1.1384, the market will indicate a bearish opportunity below the new strong resistance level of 1.1384.
Thus, the market is indicating a bearish...
Market Analysis: The market after breaking the monthly support level. Couple of days back is now retesting the broken support level. We are expecting some new lower lows to form in the coming weeks to see a huge downside move. If the resistance holds, so lets wait and see what the market does in the coming days. Cheers!
