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ForexTrendline
Jun 22, 2020 4:45 AM

Will it turn EURUSD? Long

EURO / U.S. DOLLARICE

Description

Last week we expected EURUSD to rise, but we were looking for the strength of the euro in EURGBP.

We are now seeing a gradual depletion of the downward movement, which we see as a correction and expect a reversal.

In order for the entry to be confirmed, it is good to see higher bottoms and higher peaks.

All entries before that are risky, because there may be once again lower values.

Be careful!

Resistance levels:
1,1240
1,1281
1,1346

What do you think? Do you have EURUSD trade?
Comments
issolom
Indeed went upwards after few hours
Great analysis
ziko1972
Thanks
Zhen_Trading
Nice! im shorting at the price rejection of 1.1281,

added to the above , PA have to break this resistance 1.1281, indeed to break previous lower high @1.1335 as to resume the uptrend

frf1025
Thanks.
ForexTrendline
@frf1025, You are welcome
zdravkogeorev
good set-up :)
ForexTrendline
@zdravkogeorev, Thank you
altamar83306
EURUSD downtrend on H4 timeframe entry at 1.13, take profit on 1.11
ForexTrendline
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