Get started
tradingwithyg

EURUSD - Monthly Chart Analysis

Short
Euro / U.S. Dollar (FOREXCOM:EURUSD)  
tradingwithyg  
FOREXCOM:EURUSD   Euro / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators EURUSD Forex forextrading USD Technical Analysis longsetup
0
0
trendanalysis chartpattern indicator eurusd forex forextrading usd technicalanalysis longsetup
Price has been trading in a descending channel since 2008. Recent price action indicates that it neared trend resistance and reversed before it could make contact with MR (1.259). Price will need to break short-term trend support and 29 EMA to confirm a shift in momentum. Bearish confirmation will come around the 1.17 level.

EURUSD
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.