SCV_Trading

EUR.USD - Monthly - Short Opportunity

OANDA:EURUSD   Euro / U.S. Dollar
As we can see from the chart, the price is touching for the 5th time the above trendline of this downtrend channel. Let's see if the downtrend will be respected once again or not. Euro has appreaciated a lot over the last 3-4 months, might be the right moment for a natural pullback.

Always keep in mind it is a game of probabilities.
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.