EURUSD trendline about to break Short

Euro Fx/U.S. DollarFXCM

Description

⋅ Sep 2, 2018 5:02 PM

EURUSD has broken the trendline and has formed a spinning top on the support level meaning it will go for a retest. After the retest, we short this pair

Comments

InvestingScope

⋅ Sep 3, 2018 4:45 PM

It is more likely a sideways trade, until either 1.15530 or 1.1730 break. Technically because of the 4H Channel Up in action, longs are more favored.