theforexarmy
Short

EURUSD testing major resistance, prepare to turn bearish

FX:EURUSD   Euro / U.S. Dollar
Sell below 1.0627. Stop loss at 1.0681. Take profit at 1.0545.
Reason for the trading strategy (technically):
Price is now testing major resistance at 1.0627 (major horizontal resistance, Fibonacci retracement ) and we expect a drop from this level to at least 1.0545 support ( Fibonacci retracement , horizontal pullback support).
RSI (34) is also seeing major resistance below the 65% and 61% area where we hope to see a corresponding drop from.
Want to get the live trading updates? Join us on our telegram at : https://t.me/theforexarmyroom
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
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 Screener Crypto Screener 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