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WaelHaz
Jun 24, 2023 7:08 PM

SHORT EURUSD (Weekly Timeframe) Short

Euro Fx/U.S. DollarFXCM

Description

EURUSD is bearish on the daily, weekly and monthly timeframes.

EURUSD failed once again to break above the resistance (supply zone) area 1.09-1.10.

On the weekly timeframe, a retest of the double top neckline was established at the resistance area and a reach of the upper channel of the downtrend and a possible formation of a triple top (H&S) at smaller scale, which all possibly confirms its downtrend continuation first to area 1.05, then to 1.03 and later to its previous low 0.95 and into the lower of the downtrend channel at 0.90.

Below my previous long-term target on the monthly timeframe:
Comments
JoeChampion
i agree on USD strength, thanks!
WaelHaz
@JoeChampion, Thank you,totally agree and you are welcome
TopTradingSignals
Yes, same opinion!
WaelHaz
keeping10
looks good
WaelHaz
@keeping10, Thank you
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