ICFX

Volume downtrend

Short
FX:EURUSD   Euro / U.S. Dollar
I believe EURUSD will continue to drop to yearly S1 where we should see a real reversal (yearly bottom). Price is likely to break below yearly S1, make a swing there (two three touches) and then its gonna continue in uptrend. Right now the vehicle is still in heavy bear market - below all pivots - yearly, half year and quarterly. Current resistance - half year S1 (former support), weekly Camarilla R4 and KUMO. It will be hard for price through all these - not enough fuel - the volume is heavily bearish.

TP1 - monthly pivot (10676) - monthly camr3 (10688)

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.