TomFX13

Long bias for EURUSD. However, a retracement maybe coming

FX:EURUSD   Euro / U.S. Dollar
2
-The price rejected at the resistance with a Bearish engulfing bar, a retracement to the downside may be coming.

- This analysis was made based on the long-bias for EUR/USD.

-Wait for Price action at the yellow box area to confirm a long trade.
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.