EURUSD possible reversal!!

FX:EURUSD   Euro / U.S. Dollar
Currency Pair : EURUSD
Possible direction : Short-term Bearish
Technical Analysis : After strong bullish move EURUSD is currently forming a reversal to come for a deeper retracement to previous resistance turns support. As the price already reached important level of resistance without significant retracement, highly likely price will pullback to 1.0635 level where previous resistance turns support.
Possible trade recommendation : Short-term bearish as per chart sketch

Press like button if you enjoy.

Risk Disclaimer: Trading foreign exchange on margin carries a high level of risk, and is not suitable for all investors. Past performance is not indicative of future results. The high degree of leverage is dangerous and can work against you as well as for you. Before deciding to invest in foreign exchange or any market you should carefully consider your investment goals, level of experience, and risk tolerance. It is EXTREMELY LIKELY that you will sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. No representation is being made that any account will or is likely to achieve profits or losses. Past performance is not indicative of future results. Individual results vary and no representation is made that clients will or are likely to achieve profits or incur losses comparable to those that may be shown. You acknowledge and agree that no promise or guarantee of success or profitability has been made between you, and Forex Trading Wizard. Do your own research and talk to a professional financial planner in order to be aware of all the risks associated with foreign exchange trading and investing and seek advice from an independent financial advisor before risking any capital.

#1Broker: AVA Trade, 40%Bonus use code "wizard"-Link

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.