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DeGRAM
Feb 22, 2023 8:55 AM

DeGRAM | EURUSD consolidation continues Short

Euro Fx/U.S. DollarFXCM

Description

EURUSD  is in the consolidation zone at the support level, bears made a lower low, and then price pulled back to the resistance level .

Price was rejected at the resistance level; big green candle up and a big red candle down. This type of formation gives significance to the levels.

We expect further consolidation, meaning a price range between 1.0700 and 1.06100.



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Share your opinion in the comments and support the idea with like. Thanks for your support!
Comments
BahamasX
Price failed to touch the resistance and dynamic resistance and goes down ... Thanks for pointing out this ...
Traders-Club
Perfect signal
TheSignalyst
thanks for updating EURUSD daily dear Degram
FOREXN1
We have same Idea here about a new short impulse.
VahidTradingCR
perfect view
mehti-0
I think we are in an erosion pullback (candles with small body in large time).

Personally, I believe we are in an upward trend

I think the first upward target can be the level of 1.7075
JoeChampion
Excellent job mate, i agree on USD strength!
basictradingtv
excellent analysis as always!
DeGRAM
Good luck in the markets and have a great one!
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