mtellia

EURUSD SHORT

Short
mtellia Updated   
FX:EURUSD   Euro / U.S. Dollar
EURUSD Potential sell: There has been a lot of consolidation lately, However looking at 1hour time frame chart seems to be a possible bearish movement towards the support line (A) at 1.1371 You can see that it has been consolidating around the resistande and has already hit resistance (B) at 1.1400 about 3 times in the past day so should form pattern and hit support line. This is also supported by my downward sloping trend.
Comment:
Double bottom broken through resistance line. So could possibly retest back up towards price 1.1417
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.