EURUSD First Rise, Then Fall

FX:EURUSD   Euro / U.S. Dollar
As you see in the 4H chart, a triple top pattern has been created and the neckline which is also an ascending trend line has been broken out to the downside and we saw a fall in price.

We can also see a fall on dollar currency index which broke out the first parallel channel’s upper band and has entered the second channel but after approaching to the second channel’s upper band and also the resistance level started to fall.

So, we can expect a fall to the channel’s lower band for dollar index which means the EURUSD is bullish and retracing for now: price reached to the support level and has been pushed to the upside and is pulling back to the ascending trend line (Neckline).

I expect a rise first, around 1.20900-1.21200 and if there was any downside pressure after price pulled back to the line, we can enter short.
My Telegram Channel:


Amazing work here! Thanks for sharing
+2 Reply
looks like a bearish restest will take place
+1 Reply
great job
+1 Reply
Yea I do agree with the bearish move for sure :) good
+1 Reply
makes so much sense and simply explained thank you!👌💹
+1 Reply
great job as always

thanks for sharing
+1 Reply
It was so good
+1 Reply
Great forecast, thanks a lot. 🙌
+1 Reply
I have the same trading plan and I totally agree with you. thanks for sharing
+1 Reply
have same idea well done madam
+1 Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out