ForexTrendline

EURUSD analysis | Buy or Sell?

FX_IDC:EURUSD   Euro / U.S. Dollar
28th of June:

Just 2 days ago we sent out this analysis expecting a drop down to 1,1850.
Everyone who managed to get in can now collect profits or at least move their stop loss above the most recent high.

If you currently don't have any active trades, I would say it's better to wait.
Today and tomorrow will give us a clear picture of where the pair will be going in the future (check out the economic calendar).
Then we should have more confirmed expectations.

However, what does the technical side of things looks like?

We are currently in a downtrend on the hourly chart.
Price reached previous bottom and there is a higher chance that it will break below.
That means we could see an additional downside push and values lower than 1,1800.
We suggest to make entries only after a pullback or a breakout!

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Comments

Perfect accurate awesome
thank you very much
+1 Reply
@yoo_ad_51, You are welcome, thank you for your suppport!
Reply
thanks for sharing
where is your target bro?
Reply
thanks for sharing your great idea
Reply
@YMGroup, You are welcome, will see what gonna happen today after NFP
Reply
nice TA :)
Reply
ForexTrendline AtlasTrades
@AtlasTrades, Yes, It is :) , thank you
Reply
Perfect analysis man! Thank you
Reply
ForexTrendline TradingAxis
@TradingAxis, Thanks! :)
Reply