Euro / U.S. Dollar
Short

EURUSD: A Sideway Consolidation with Bearish Signals

97
EURUSD is currently showing a sideway consolidation on the weekly chart, but the daily chart is painting a different picture:

- Bearish Fib-3 Bat pattern with RSI Divergence

I'm eyeing two potential entry points on the 1-hourly chart:

1. Resistance retest at 1.0852

2. Type 2 retest of the Bearish Bat Pattern at 1.0879

What's your take on this setup? Share your trade plans and thoughts in the comments!

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.