AlgoVenture

EURUSD - Break Below of Rising Channel

Short
FX:EURUSD   Euro / U.S. Dollar
EURUSD has been on the rise for the past 3 days.
Base on the chart, we are seeing that the price has probably ended its retracement, at least the first wave.
An interesting pattern that has been occurring for the past few weeks is that the dollar always takes a turn on the last trading day.
So with this structure, I'm betting that EURUSD will come down today.
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.