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Short

EURUSD: Sell opportunity on 4H.

FX_IDC:EURUSD   Euro / U.S. Dollar
EURUSD is trading on a medium-term Channel Down on the 4H chart ( RSI = 46.504, MACD = 0.000 , ADX = 23.436). After making a new Lower High (red arrow), it broke the dashed Higher Low trend-line confirming the tendency to make a new Lower Low. Be mindful though for a reversal on the 4H MA200. If it doesn't happen, we expect a Lower Low near 1.11000.




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It is interesting, check as well my scripts I shared the COT indicators , thanks I wish you well
+1 Reply
InvestingScope DaweFXHunter
@DaweFXHunter, Thank you Dawe, we wish you well too.
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