Wait for the Sell to break until Euro USD 1733
Wait for the Sell to break until Euro USD 1733. I hope if this level is broken, the market will go down.
The break of weekly trend line resistance (July 13), taken from the high 1.2555, and violation of the 1.1495 March 9 high, reflects a long-term (potential) technical trend change.
1.1733 weekly support is likely a watched level this week, particularly for buyers at the point it converges with H4 trend line support, drawn from the low 1.1254. A reaction from this point, one that moves price above 1.18, could strive to reach at least 1.19, with the possibility of stirring daily resistance at 1.1940 and even weekly resistance at 1.2004.
The break of weekly trend line resistance (July 13), taken from the high 1.2555, and violation of the 1.1495 March 9 high, reflects a long-term (potential) technical trend change.
1.1733 weekly support is likely a watched level this week, particularly for buyers at the point it converges with H4 trend line support, drawn from the low 1.1254. A reaction from this point, one that moves price above 1.18, could strive to reach at least 1.19, with the possibility of stirring daily resistance at 1.1940 and even weekly resistance at 1.2004.