Forex-Social

A simple look un EURUSD

FX:EURUSD   Euro Fx/U.S. Dollar
My first public chart here on TadingView!

This is a simple analysis using support and resistance levels and a trending line. The EMA is added to give some more data.

As we can see, de pair is currently on the bottom side off a triangle and getting squeezed between the EMA and the support zone . The levels (support, resistance and diagonal line) on the graph "speak per se".

As price action traders I think at this moment we should wait for good signals.

A move towards the resistance level (around 1.1252) shouldn't be a surprise next week. A close above the EMA can be a trigger for a long position.

Otherwise, if the price breaks the triangle to the downside AND break the support line we could see further selling (maybe after a initial re-test on the inverse side of the broken level / line).
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out