Get started
MMQ_FX

EURUSD Daily - Correction Needed

Short
Euro / U.S. Dollar (FX:EURUSD)  
MMQ_FX  
FX:EURUSD   Euro / U.S. Dollar
Support and Resistance Candlestick Analysis EURUSD euro DJ FXCM Index psychologicallevel
2
0
supportandresistance candlestick eurusd euro usdollar psychologicallevel
By observing the D1 TF we can see EURUSD appearing to stall around the 1.20 psychological level. Yesterday's daily closure showed a lovely wick rejection also.

EURUSD has been uptrending for some time and we may witness a correction to the previous D1 resistance. 400+ pips potential on this longer term trade.
Disclaimer

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.