TradingView
ForexTrendline
Jan 17, 2022 6:06 AM

Is the EURUSD rise complete? Short

FX_IDC:EURUSD60
EURO / U.S. DOLLARICE

Description

⋅
As you already know, we're waiting for the rise on EURUSD to finish, so we can then enter short.


On Friday we had the first signs for a possible end of the upside move on H1

We have a high and then a trendline breakout.

Now we expect to see a lower high and a breakout of the previous low.

This will confirm the reversal and we would expect a downtrend continuation.

The first levels where we will probably see price next are 1,1297.

Follow us to find out where are the next support levels and how EURUSD will develop

Comment

⋅
Trend AnalysisSupport and ResistanceSupply and DemandEURUSD
Comments
Forex_Scalper27
⋅
Will it be wrong to speak my mind ?

What happened on the analysis made on Friday about 1.1500 rise and a slow down at 1.1550
ForexTrendline
⋅
@Forex_Scalper27, yeah, obviously price didn't quite reach those levels so we adapt and trade what we see, not what we think will happen. Any other questions?
kimstandgraph
⋅
Good view
ForexTrendline
⋅
@kimstandgraph, Thanks, appreciate it!
UnknownUnicorn26193975
⋅
Nice clean analysis! I also expect further downside on Eur/Usd at the moment
ForexTrendline
⋅
@Trading_Elements, Great job!
KlejdiCuni
⋅
Possible movement. EU is getting very tricky during these weeks.
ForexTrendline
⋅
@KlejdiCuni, true!
ferGOD
⋅
EUR/USD - Euro Putin a Tight Spot (short-term)

Are Elliott waves pointing to a military incident in Europe?
Gotland is a Swedish island in the middle of the Baltic Sea, commanding a key strategic position. In 1915, the Battle of Gotland was a crucial moment in The Great War, with the navy of the German Empire being defeated by that of the Russian Empire. Assisting the Russian navy that day was a British submarine. It’s fair to say that such an allied arrangement is unthinkable today.

read more...

ForexTrendline
⋅
@ferGOD, Thanks for your comment!
More