EURUSD looking for retest and break of trendline and downside?
EURUSD is in agreement with the current XAUUSD situation, as its now in a situation where it encounters resistance ahead and may retest the bullish trendline and if it breaks it looks like a downside for the rest of the month of September.
Comment:
EURUSD looks like its breaking the trendline. But we should be aware and look for a nice, no risk entry.
Comment:
Just like the gold analysis, this idea is still valid, market just seems to suck in more bullish losers before making a move.
BUT if the 20 SMA holds, we should expect a move higher and the idea is invalid. Until then, look for more downside.
BUT if the 20 SMA holds, we should expect a move higher and the idea is invalid. Until then, look for more downside.
