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ForexTrendline
Sep 1, 2021 4:32 AM

Carefully with EURUSD 

EURO / U.S. DOLLARICE

Description

Yesterday we saw sharp reversal on EURUSD and it's quite important to see how this move will continue.
If we see a break below previous low then we would consider that the upside direction is coming to an end, therefore we will be looking for selling opportunities only.

However, we're still in a bullish trend and there is a chance for another upside leg taking price a little higher than the 1,1850 level.
Once price gets up there we would then be looking for a possible exhaustion and reversal.

If you don't have any active trades, then we suggest to be patient and wait.

See how this situation will develop in our daily analysis!
Comments
KlejdiCuni
Same view on this! thanks for sharing
ForexTrendline
@KlejdiCuni, awesome, glad to know that! Good luck!
FieryTrading
Great analysis, awesome! 🔥
ForexTrendline
@FieryTrading, thanks, glad you like it!
Helical_Trades
Quality content, thanks for sharing. 🦐🦐
ForexTrendline
@Helical_Trades, you're welcome and thanks!
ArmanShabanTrading
Yes , Nicely done ✅
ForexTrendline
@Ar_M_An_4, thanks a lot!
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