Technician

EURUSD: Intraday Technical Update

FX:EURUSD   Euro / U.S. Dollar
734 0 12
Previous Update:

Summary:
-Bearish breakout below the 50-days SMA and 0.5 retracement for(1.3476-1.3965 wave.
-A dip fell short near 0.618 retracement
-Bullish three-drives pattern
-Multiple rejection, pin bars
-Probably we may head higher in the coming few sessions, to retest the falling trend line , around 1.3755 levels.
-Accordingly, dips towards 1.3670 remains a potential buy ONLY in the short term(few days)
-Invalidation of this scenario with a clear four-hour closing below 1.3640 key support.

My longer term short trade setup is still active for the second half target..

Good luck, join me @:
https://twitter.com/thefxchannel
thefxchannel.com

Latest trading ideas: https://www.youtube.com/channel/UC02s7uiUQl55HkhHZDM6eUw/videos

Free Telegram Channel: https://t.me/technician_forex_trades

Trading Signals Redefined: https://thefxchannel.com
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 Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out