EURUSD Potential Sell Setup

FX:EURUSD   Euro / U.S. Dollar
Price is moving in a rising channel where recently is bounced from the upper trendline and is now heading south. Moving a little more to the down price will test an uptrend where we should watch closer to see if price breaks below it. This will signal a drop of price till the lower bond of the channel. If price breaks below the channel a huge down move is coming, but it may take a little time for that.
The long-anticipated return northward has just begun. 7:20 a.m. New York.
Out for a -2 pip loss. I'll be looking to go long again today.
Just went long this pair.
Not now. It has more to go up!
+1 Reply
Agree with all your other chart analysis with the exception of this one. Looks to me like it's heading back up north for a while.
Fxprotrader hikagemono
I can't disaggre with that.. But we have to wait to see which trend is going to break in the upcoming week.. If any breakout happens we should wait for a correction and then we should jump in.. So your scenario going up is absolutely ok with me..! Thanks for your comment..!
Expect it to head north soon.
Need attention for this level. High support + 61.8 fibonacci

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