EUR/USD Sell set-up:1.2150 is offering significant resistance
Overview- For almost two weeks now, EUR/USD is unable to
overcome the 1.2150 resistance level. There has been multiple
rejections at this level.
Analysis - Based on the 4-hour chart, you can see that EUR/USD
bulls are unable to break the 1.2150 region despite multiple attempts. So,
it is likely that EUR/USD may drop again towards 1.1950 or lower.
Probable trade set-up - From the above analysis, a likely trade
set-up is to sell EUR/USD between 1.2140 to 1.2160 with SL above the resistance
level. TP1 can be placed at 1.2025 and TP2 can be placed at 1.1950.
Disclaimer - This is simply an analysis and not a trade recommendation. The trades will be
executed only if it meets the required criteria.
overcome the 1.2150 resistance level. There has been multiple
rejections at this level.
Analysis - Based on the 4-hour chart, you can see that EUR/USD
bulls are unable to break the 1.2150 region despite multiple attempts. So,
it is likely that EUR/USD may drop again towards 1.1950 or lower.
Probable trade set-up - From the above analysis, a likely trade
set-up is to sell EUR/USD between 1.2140 to 1.2160 with SL above the resistance
level. TP1 can be placed at 1.2025 and TP2 can be placed at 1.1950.
Disclaimer - This is simply an analysis and not a trade recommendation. The trades will be
executed only if it meets the required criteria.