tradingwithyg

EURUSD _ Daily Update

Short
FOREXCOM:EURUSD   Euro / U.S. Dollar
Recent price action: Bearish
Pattern: N/A
Long-term momentum: Bearish
Short-term momentum: Bearish
Bias: Short until weekly support
Action: Close position once price hits weekly support (~40 pips)
Comments: High chance of reversal once price is trading around 1.16146. No real relief since early May.

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.