Mihai_Iacob

Will EurUsd break under 1.13 next week?

Short
OANDA:EURUSD   Euro / U.S. Dollar
There are exactly 2 months now since EurUsd is consolidating and, excluding the spike up to 1.15 zone resistance, the range is around 150 pips.
The false break of 1.14 resistance is an indication that bulls are weak in this pair and also we can clearly see a bearish flag on our daily chart .
Considering the trend is strongly down for the single currency, I expect a break of flag's support and continuation to the downside.
In case of such a break, the first target for bears is 1.12 and negation comes with the price above 1.14

Free Telegram- Forex&Gold trades:
https://t.me/intradaytradingsignals

Free Telegram- Crypto:
https://t.me/FanCryptocurrency



Paid subscription info:
https://t.me/IacobMihai
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.