XTrendSpeed

EURUSD Potential Bearish Bat Pattern

Short
FX:EURUSD   Euro / U.S. Dollar
On the daily chart, the EURUSD has stabilized and rebounded in the short term. At present, you can pay attention to the resistance near 1.0853 above. Once the rebound is in place, there may be an opportunity to form a potential bearish bat pattern. In addition, the vicinity of 1.0853 is within the early supply area, and the possibility of reversal at this position is high, with the downside target looking at 1.0730.

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.