ForexGoldenBoy

EURUSD : Sellers throw in the towel

Long
FX:EURUSD   Euro / U.S. Dollar
At 1.0907 the price met an upward trend line
From then on, sellers lost control of the market, to the benefit of buyers.
Prices are now bouncing upwards towards what could be the previous upward resistance.
In short, perhaps a bullish reversal is on the way.

This scenario is not an investment advice
A failure of the scenario is highly possible
Do not copy it, or you risk losing your money

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.