Hello and welcome to my Trade Idea of the currency pair EUR/USD.
Lets start with the Top Down Analysis.
Monthly: The monthly timeframe is in a strong downtrend with nearly no pullbacks.
Weekly: The weekly candle from the penultimate week is very huge and closes under all lows.
Daily: We see on the daily timeframe a bearish trend with a pullback to the upside.
H4: On the h4 timeframe we see a bearish trendline and the market reacts beautifully to it. Also the market breaks the counter trendline.
Have a nice day.
Lets start with the Top Down Analysis.
Monthly: The monthly timeframe is in a strong downtrend with nearly no pullbacks.
Weekly: The weekly candle from the penultimate week is very huge and closes under all lows.
Daily: We see on the daily timeframe a bearish trend with a pullback to the upside.
H4: On the h4 timeframe we see a bearish trendline and the market reacts beautifully to it. Also the market breaks the counter trendline.
Have a nice day.