Trader_97

EURO MANAGES TO HOLD ABOVE 1.0686

Short
FX:EURUSD   Euro / U.S. Dollar
0
EURO MANAGES TO HOLD ABOVE 1.0686 AREA SUPPORT AGAIN , BROKE OUT OF THE T.L SUPPORT FROM 10TH OF NOVEMBER TWICE TODAY BUT HELD AND GOT A CLOSE BACK ABOVE THE TREND LINE.FOR THOSE LOOKING TO SHORT THE EURO/DOLLAR FURTHER.WAIT FOR A CLEAR BREAK OUTSIDE OF THIS TREND LINE AND SHORT BELOW THE SUPPORT LEVELS @ 1.0686-1.0672 AREA.OVERALL TREND ON H4 TIME FRAME REMAINS BEARISH AND PRICES ARE WELL BELOW THE 100 DAY SMA AND 50 DAY EMA , IF WE CONTINUE TO PULL BACK FROM THE SUPPORT AREAS THAT MEANS WE MIGHT NOT BE READY TO BREAK LOWER JUST YET WHICH MAY LEAD TO A SCENARIO WHERE WE COULD SEE A RETEST OF THE MINOR RESISTANCES AROUND 1.0744-1.0774 AREAS .KEEP LOOKING FOR SHORTS TILL THESE LEVELS REMAIN INTACT

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.