SynergyCapital
Short

EUR/USD Price Outlook: Is this about to drop to 1.14?

FX:EURUSD   Euro / U.S. Dollar
Dear traders, on 1 June 2020, I published an idea on EURUSD titles " Buying the dips" where I mentioned that EURUSD will reach 1.20. At that time EURUSD was near 1.11
You can check the idea below

EUR/USD reached 1.20 a few days ago but the bulls were unable to take the price beyond that level. In fact, EURUSD is consolidating between 1.17 and 1.20 for almost two months.

Current price action indicates that EUR/USD may be creating a topping pattern. My preferred approach to trade EUR/USD would be to sell it when it reaches the resistance level and then wait for the bearish wave to start. Possible TP can be 1.14 if the downtrend starts.
📌✅𝐅𝐑𝐄𝐄 𝐅𝐎𝐑𝐄𝐗 𝐒𝐈𝐆𝐍𝐀𝐋𝐒 𝐈𝐍 𝐓𝐄𝐋𝐄𝐆𝐑𝐀𝐌 https://t.me/SynergyCapital
✅✅𝐉𝐎𝐈𝐍 𝐂𝐎𝐏𝐘 𝐓𝐑𝐀𝐃𝐈𝐍𝐆 |61% 𝐏𝐑𝐎𝐅𝐈𝐓 in September: https://www.forextime.com/strategy/SteadyGrowthPCT
Text me https://t.me/SynergyCap if interested

Comments

ThanksForSharing
+4 Reply
@PolarHusk, Happy to share my work
+1 Reply
Trading-Guru SynergyCapital
@SynergyCapital, That was a great analysis! Thanks for this. The price on EUR/USD is definitely high and a retracement is very likely. However I don't think this is a good moment to enter any trade because of the poor risk reward. I explain it a bit more in depth in my idea here:
Reply
Great techical set up 🦐
+2 Reply
SynergyCapital plancton0618
@plancton0618, Thanks :)
Reply
thanks
EUR/USD
Analysis:
+1 Reply
SynergyCapital T_V_TreeTrader
@T_V_TreeTrader, Very good analysis. Keep up the good work
Reply
Big money to be made! I definitely see 1.140 in the next few weeks happening.
+1 Reply
SynergyCapital WeezyLegenD
@WeezyLegenD, Yes that's definitely a possibility :)
Reply
Nice idea just confirmed my trade setup for this up coming week.
+1 Reply
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