Technician

EURUSD Facing Mutiple Resistance ~ Update

FX:EURUSD   Euro Fx/U.S. Dollar
611 0 1
A nice drop from the resistance cluster at 1.3825, grabbing price all the way back to the bottom of the rising channel just above the 38.2 retracement for the overall rise from 1. 2750             low to 1.3830 high. At first sight, the recent bearish action looks extremely bearish , however surprisingly there was no technical damage to the uptrend so far. as price remains within its uptrend channel and above first level Fibonacci retracement . Watch out for a break below 1.3460 and more importantly 1.3419 for a potential significant drop lower, that may provide good short positions, targeting initially 1.3290 and 1.3225 levels.
My trading ideas channel https://telegram.me/technician_forex_trades

Get your gift : https://thefxchannel.com

Skype: Technician - The forex channel
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
Home Stock Screener Forex Signal Finder 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
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out