safirtellbo
Short

SHORT BIAS FOR EURUSD

FX:EURUSD   Euro / U.S. Dollar
60 1 3
projecting a short bias for EURUSD             . expecting price to hit 1.0800 level. However, trendline has been broken, moving averages are diverging and facing the downside, and downward momentum is looking strong after price closed below the 1.1180 level. Market is currently retesting broken support (now turned resistance).

However, watch out for major Daily trendline as support from price reaching projected level.
Good job, we'll first have to break down and close below (daily + weekly candle for me) this upward channel we're in. If we do, the retracement from that 1.080 support level could be the ideal entry to ride the further move down! Next stop the long-term up channel boundary and maybe parity...!
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out