Euro Crashed Against The Dollar, Continuing its Bearish trend?
Hello Fellow Global Forex Investor/Trader, Here's a Technical outlook on EURUSD!
Technical Analysis
EUR/USD is clearly moving in a bearish continuation trend. The price also created a breakout on a rising wedge pattern, indicating a potential bearish bias ahead. The MACD indicator starts creating a death cross, confirming the possible downward movement ahead.
All other explanations are presented on the chart.
The roadmap will be invalid after reaching the target/ resistance area.
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the EURUSD"
Support the channel by giving us a thumbs up and sharing your opinions in the comment below!
Technical Analysis
EUR/USD is clearly moving in a bearish continuation trend. The price also created a breakout on a rising wedge pattern, indicating a potential bearish bias ahead. The MACD indicator starts creating a death cross, confirming the possible downward movement ahead.
All other explanations are presented on the chart.
The roadmap will be invalid after reaching the target/ resistance area.
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the EURUSD"
Support the channel by giving us a thumbs up and sharing your opinions in the comment below!
Related Ideas
