Get started
UmarAbdurRehman

EURUSD Broke out the Trendline support - Retest & Possible Short

Short
Euro / U.S. Dollar (FX:EURUSD)  
UmarAbdurRehman Updated   
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators EURUSD eurusdshort eurusdprediction eurusdforecast eurusdidea eurusdsignal eurusdanalysis eurusdtrade eurusdoutlook
41
2
trendanalysis chartpattern indicator eurusd eurusdshort eurusdprediction eurusdforecast eurusdidea eurusdsignal eurusdanalysis eurusdtrade eurusdoutlook
EURUSD have broken out the multi days trendline with a strong momentum, waiting for a retest of the broken trendline, once it retests look for a consolidation and a breakdown again for 1.0981 first target which is a support area, if it breaks this out then watch out 1.0880 lows.
Comment:
snapshot

We got FOMC tomorrow, a near term support for EURUSD coming in at 1.0980 area, might bounce from there for a short term long trade.
Comment:
snapshot
Almost to the first target.
Trade closed: target reached:
snapshot
Both targets hit.

Related Ideas

UmarAbdurRehman
EURUSD BIG SHORT move ahead - Trade2Hold
UmarAbdurRehman
EURUSD Breakout - Possible Buy Trade
UmarAbdurRehman
WTI Crude ABC Corrective Pattern - Possible Wave 3 Buy Setup
UmarAbdurRehman
Possible NFP idea on EURUSD
UmarAbdurRehman
XAUUSD Breakout - Possible Buy Setup
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.