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DeGRAM
Feb 13, 2023 8:37 AM

DeGRAM | EURUSD range breaking  Short

Euro Fx/U.S. DollarFXCM

Description

EURUSD  is trading in the descending channel. 

It broke and closed below the 1.0700 support level, which became a resistance level.

At the resistance level , there is a nice confluence zone to short.

If the price returns to this zone, we expect a trend continuation.


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Comments
ProjectSyndicate
reliable technical overview, thumbs up
FOREXN1
Agree for a possible Downside ! Thanmks
basictradingtv
Awesome analysis as always!
TradingBrokersView
Noted, thank you!
DeGRAM
Good luck in the markets and have a great trading week!
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