AndrewNatter

eurusd continues downtrend high reward to risk short opportunity

Short
FX:EURUSD   Euro / U.S. Dollar
If bears can hold the market below the main
inflection zone highlighted in red, the expectation
is a test of the 1.1080 support area. This sets up
a bearish opportunity with around a 3:1 reward to
risk potential. Stops should go behind the 1.1240
swing high invalidation point.

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.