EURUSD WEEKLY MACRO BREAK + RE-TEST Long

EURO / U.S. DOLLARICE

Description

⋅ Apr 5, 2022 8:25 PM

After breaking out of the 12-Year Long descending trendline in 2020, EURUSD is now coming up against a re-test of the same descending trendline which is now also at a confluence of the multi-year ascending trendline support.
Would seem likely that the pair will find some support in this region.

Comments

wimkraatzz1978

⋅ Apr 5, 2022 8:33 PM

think so too! actually already opened a small Swing or core trade to the long side with a 1.18 target. hope it will end up in a nice profit.

PriceActionNation

⋅ Apr 7, 2022 5:48 PM

@wimkraatzz1978, Will take some patience, but I think the odds are quite good for longer-term upside over the upcoming months :) Best of luck to you!