germanbel

EURUSD: Downtrend Continuation?

Short
FX:EURUSD   Euro / U.S. Dollar
2
Regarding the related idea (uptrend in a downtrend) the price reached resistance 1,1470 as mentioned to then continue the way down. We see that the resistance was touched twice and rebounded down. We may see a third touch. Anyway the price will continue south till 1,1170 unless 1,1560 is broken. This will change the scenario of the price going north till 1,1720.
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.