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RamziAbouAbdallah-CMT
Sep 21, 2020 10:29 AM

EUR/USD !!!critical levels to watch!!! 

Euro Fx/U.S. DollarFXCM

Description

Hello everyone,
The pair is trading around a very critical support levels:
1- On the daily chart (left picture): on the verge of breaking the 50 SMA for the first time since May.
2- Tested the uptrend line from below which is a typical bearish behavior upon breakout.
3- On the 4H chart (right picture): Broke below 200 and 240 SMA for the first time since May.
4- Getting close to breaking the uptrend support line that's been holding since August.
Watch out for the above levels, do not trade before a confirmation of breakout and be aware of false breakouts.
Good luck, have a nice trading week.
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