EURUSD - Strong Downtrends In Play

FX:EURUSD   Euro / U.S. Dollar
86 0 4
I don't normally trade the 1H chart but this pair is increasingly getting ready to free-fall with strong downtrends on both the weekly and the daily timeframes.

Price has broken the strong weekly support, pushed back up and re-tested.

Price went on to produce a bullish engulfing candle which I have used for my entry.

Trade will trigger once price breaks the low of the BEEB with the first conservative target set at the first obvious support and the second at the swing low.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out