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WaelHaz
Nov 7, 2023 7:01 PM

SHORT EURUSD Short

Euro Fx/U.S. DollarFXCM

Description

EURUSD is still in its downtrend channel on the weekly and monthly timeframes.

On the weekly timeframe, a retest of the double top neckline was established at the resistance area and a reach of the upper channel of the downtrend and a triple top at smaller scale was formed and retested, which all possibly confirms its downtrend continuation with a break of area 1.04 to 1.03 and later to its previous low 0.95 and into the lower of the downtrend channel at 0.90.

Previous ideas:

Monthly timeframe


Weekly timeframe
Comments
MyCryptoParadise_Nathan
I look forward to your updates every day.
TheFxAce
I'm with you on this. A short play seems imminent.
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