Get started
Fx_Trader_ViSa

EURUSD Consolidation to downside trend.

Euro / U.S. Dollar (FX:EURUSD)  
Fx_Trader_ViSa  
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Harmonic Patterns Chart Patterns EURUSD eurusdanalysis euro dollar Forex forexsignals forextrading forexanalysis
11
1
trendanalysis harmonicpatterns chartpattern eurusd eurusdanalysis euro dollar forex forexsignals forextrading forexanalysis
EURUSD is trading near its resistance zone. Also, it is trading at 62% Fibonacci retracement levels, which will be a crucial level for EURUSD. Considering the chart pattern and important price levels we think, we might see consolidation to downside in EURUSD pair. Trade can be initiated for the short side with a trend as consolidation to the downside with proper risk management and stop loss.

Thanks
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.