Bearish clues:
- Price has reached a strong resistance level at 1.22500
- Price has broken down the 100 exponential moving average
- Price has broken down a daily bullish oblique support (in blue) and made a pullback on it yesterday morning
- Price has broken down the important supply zone at at 1.21650 - 1.21750
- It is not a false breakout like on May, 28
EUR/USD could reach the psychological level of 1.20000, which is really close to the support level around 1.95000 and almost correspond to the 50% Fibonacci retracement level. But pay attention to the weakness of the dollar.
Feel free to share, comment and give your opinion if it is constructive ;)
DISCLAIMER: This is not investment advice
- Price has reached a strong resistance level at 1.22500
- Price has broken down the 100 exponential moving average
- Price has broken down a daily bullish oblique support (in blue) and made a pullback on it yesterday morning
- Price has broken down the important supply zone at at 1.21650 - 1.21750
- It is not a false breakout like on May, 28
EUR/USD could reach the psychological level of 1.20000, which is really close to the support level around 1.95000 and almost correspond to the 50% Fibonacci retracement level. But pay attention to the weakness of the dollar.
Feel free to share, comment and give your opinion if it is constructive ;)
DISCLAIMER: This is not investment advice
Trade active:
Slowly goes down
Trade closed: target reached:
Take profits at 1.20000 and 1.95000 reached! EUR/USD could go ever lower.