EURUSD has been going against techincals on lower time frames but monthly and weekly still points at a drop.
Price currently at a past Resistance and monthly down trend line, which spans from 2008.
I will be looking for a sell entry once we have a bearish daily and/or weekly candlestick below the monthly downtrend line.
Stay tuned for a large sell opportunity with EURUSD.
Stay tuned!
Charles V
www.cvfxmanagement.com
@cvfxwealth
Trading made Simple
Price currently at a past Resistance and monthly down trend line, which spans from 2008.
I will be looking for a sell entry once we have a bearish daily and/or weekly candlestick below the monthly downtrend line.
Stay tuned for a large sell opportunity with EURUSD.
Stay tuned!
Charles V
www.cvfxmanagement.com
@cvfxwealth
Trading made Simple
Comment:
No bearish signal yet, avoiding entry at the moment.
Next setup: Wait for a break below 1.1700 then sell on retest of 1.1700 area towards 1.1500 area.