Check EURUSD chart and the possibility of decline
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In the chart and in general, we see an upward trend. But the range of 1.2172 to 1.22235 restrains the price and does not allow to increase or decrease. In this situation, we have to wait and pay attention to Kendall's patterns. A stabilization below 1.2172 allows the price to start a downtrend. But stabilizing above 1.222 means moving upwards and continuing to rise in price up to 1.2330. For now, we assume that it is a downward trend, but look at the candlesticks and then decide.
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I hope you are well
In the chart and in general, we see an upward trend. But the range of 1.2172 to 1.22235 restrains the price and does not allow to increase or decrease. In this situation, we have to wait and pay attention to Kendall's patterns. A stabilization below 1.2172 allows the price to start a downtrend. But stabilizing above 1.222 means moving upwards and continuing to rise in price up to 1.2330. For now, we assume that it is a downward trend, but look at the candlesticks and then decide.
📣 Attention 📣
⚠️ 1. We publish this trading idea to help analysts, so if you have an idea that you think is right, do not be influenced by this idea.
⚠️ 2. All our analysis and signals are provided free of charge, so we have no obligation to make any profit or loss on our signals and analysis.
⚠️ 3. If you have an idea, write to us in the comments section, we will be happy to use your idea in our analysis.
