TradingView
VasilyTrader
Sep 26, 2020 7:58 AM

EURUSD: Key Level That You MUST Pay Attention to! Short

Euro Fx/U.S. DollarFXCM

Description



hey guys,

though bearish movement on eurusd is officially started,
always remember to look left at structure.

the market is very close to a key monthly/weekly support cluster
based on 2015's - 2020's price action.

with average weekly atr, chances are high that this level will be reached quite soon
and then most likely a pullback will follow.

consider that yellow area for your swing short targets or for an area to buy from, catching a pullback.

always wait for a confirmation on a lower time frame, because the area is relatively wide.
good luck!
Comments
VasilyTrader
Will the market respect that level?
Helena_FX
@VasilyPonomarev, No
VasilyTrader
@HrystiK, good argument!)
More