Aban_Kimo

Price retracement before downtrend continuation

Short
FX:EURUSD   Euro / U.S. Dollar
Market is generally on a downtrend. Price is now at a daily support, level 702. Expecting price to retrace 893 level. Price could retrace immediately or it could push further to the lower support before retracing to the 893 level. From there we should expect price to continue pushing down to the 441 level.
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.