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UmarAbdurRehman
Sep 22, 2020 9:28 AM

EURUSD Support Breakout - Possible Short Trade Short

Euro Fx/U.S. DollarFXCM

Description

EURUSD price action have been trading within a multi-days bearish channel with successive tops and lows, Dollar Currency index had a failed breakout pattern yesterday that took off DXY to prior highs at 93.91, so far market is holding the highs with a high probability of breaking out, so if that's so we are likely to see EURUSD going even further to 1.1660 & 1.1590.

Trade Safe!
Good Luck.

Comment

First target at 1.1659 just have been hit,

Trade closed: target reached

Closed at 1.1635
Comments
dalljeetbainz
what time frame you used in chart and which Moving average indicator you use (20,50,200)???
UmarAbdurRehman
@dalljeetbainz, Hey, that's a 1h chart and 50 period simple moving number.
Fatema_Ahamed
good job
UmarAbdurRehman
billcoder
Thanks for good analysis
UmarAbdurRehman
@billcoder, Anytime
PolarHusk
GreatWork
UmarAbdurRehman
@PolarHusk, thank you.
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