MMBTtrader

EURUSD new descending channel is forming ?

Short
FX:EURUSD   Euro / U.S. Dollar
As we can see price is falling and going to maybe retest some Fibo levels or 200 MA and after breaking Ascending channel , sell pressure is rising .

so for now we may have creation of new Descending channel like the one that is shown on chart .

and more correction is expected . some important resistance zone shown on chart with red rectangle or red lines .

DISCLAIMER:
1.trade carefully and have stop loss for sure
2.Past performance is not indicative of future results.


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Comments

nice
Reply
great explanation mate thanks
Reply
Which indicators did you use
Reply
Beautiful chart
Reply
MMBTtrader KlejdiCuni
@KlejdiCuni, thanks a lot bro
Reply
Quality content, thanks for sharing. 🔥🔥
Reply
MMBTtrader financialflagship
@financialflagship, most welcome bro
Reply
Solid analysis! 🔥
Reply
MMBTtrader Mehdisouriiii
@Mehdisouriiii, thanks dear
Reply
I love this kind of analysis! thanks! 🦐
Reply
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