Hello and welcome to my Trade Idea of the currency pair EUR/USD.
Lets start with the Top Down Analysis.
Monthly: The monthly timeframe is very strong bearish. Little pullbacks but that's all.
Weekly: The weekly timeframe is bearish too. Since the 30.09.2019 the price is bullish but i think this is a pullback for the bearish trend.
Daily: Here we draw the bearish trendline. The price reacts very beautifully to the trendline.
Have a nice day.
Lets start with the Top Down Analysis.
Monthly: The monthly timeframe is very strong bearish. Little pullbacks but that's all.
Weekly: The weekly timeframe is bearish too. Since the 30.09.2019 the price is bullish but i think this is a pullback for the bearish trend.
Daily: Here we draw the bearish trendline. The price reacts very beautifully to the trendline.
Have a nice day.