ForexTrendline

🔥 EURUSD remains in downtrend!

Short
FX_IDC:EURUSD   Euro / U.S. Dollar
The downtrend on the hourly chart is still there. While that's the case, then we should be looking for short opportunities only.

The first reversal signal will be if we see a breakout of previous high and that's why we place our stops there when we are entering short positions.

The opportunities that we currently have:

-sell from 1,1789-90 with stops above 1,1880 expecting the 1,1700 level
-sell after break and retest of the 1,1750 level. In this case we could place stops above the retest. Targets- again around 1,1700

Make sure to not exceed your risk as we have an important week for the dollar!

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Thank you in advance! 🙏
Comment: 27.07.2021 Update
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Comments

Here is my fundamental outlook on eurusd, please if you are interested in fundamental analysis check out my page.
+1 Reply
ForexTrendline MohamedElsodoody
@MohamedElsodoody, good stuff mate!
Reply
Yessssssssssss Correct ! im waiting for 1.7000
Reply
Very impressive. This is looking like it will play out.

Thanks for the analysis.
Reply
ForexTrendline MarketAnalysis-
@MarketAnalysis-, Thank you too!
Reply
I always appreaciate your input on EURUSD
Well done
Reply
ForexTrendline SignalProvider
@SignalProvider, Thank you!
Reply
Salut, sunt nou în grupul tău și în trading,multumesc pentru primire

!!
Reply
ForexTrendline shyFlamingo54663
@shyFlamingo54663, Welcome in our community !
Reply