ForexTrendline

EURUSD before ECB | What to expect?

Short
FX_IDC:EURUSD   Euro / U.S. Dollar
The analysis from yesterday is going as expected and it confirms the direction that we were looking at.

And that gives us an opportunity to look for short positions today!

But there are a few conditions!

Do not enter a trade now. We're still waiting for ECB interest rate decision. That will cause volatility in the market.
It is also very likely that there will be some misleading moves and that will be our moment to make an entry.

We are going to be watching out for a certain price reaction in the selling zone and in case we see engulfing candles or long wick candles, then we're going to be looking for an entry.

EURUSD should not rise above 1,1880, otherwise this scenario wouldn't be valid!

If we see price pushing off of the zone then we could expect another downside move to 1,1700!
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Comments

Perfect post!!

🤩👌👏
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Great analysis. Thanks.
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ForexTrendline adjectives
@adjectives, Youy are welcome!
Reply
nice call my frd :) keep up the good work
Reply
ForexTrendline jojofang0901
@jojofang0901, Thank you! We will :)
+1 Reply
Great job buddy
Reply
@ShawnMCR, thank you :)
Reply
Nice chart!
Reply
ForexTrendline UnitedSignals
@UnitedSignals, Thanks! :)
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