Get started
sinclairglenn1

EUR/USD Big bearish englfing candle

Short
Euro / U.S. Dollar (FX:EURUSD)  
sinclairglenn1  
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Chart Patterns
3
0
trendanalysis chartpattern
The EUR/USD is currently trending downwards after forming a double top on the weekly chart back in June 2021.
It has formed a bearish engulfing candle on the daily chart after testing the 1.17 zone which lines up with the weekly downtrend line.
It has a stong chance to drop down to test the old resistance level of 1.14 from here.
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.