bulls-vs-bears-since-1981

EURUSD testing key resistance level

Short
FX:EURUSD   Euro / U.S. Dollar
The Average Direction Index depicts a presence or absence of a trend. EURUSD has an ADX line that has developed a new down trend according to marketkolor.com. This suggests that the current trend in price action is growing weaker and unclear. Look for continued downside in the ADX line and an equivalent weaker and unclear trend in price action
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.