reubenroyal

8H EUR/USD SHORT

Short
FX:EURUSD   Euro / U.S. Dollar
EUR/USD has reached an important zone where we see a major weekly descending trendline above (purple) and a key zone of previous sell sensitivity. Overall, EUR/USD is still in a downtrend on the monthly and weekly timeframes, and the price has made a pretty strong push continuously on the daily and weekly timeframes. We may see an exhaustion to the levels below this coming week.

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.