Get started
thebrowntrader

EUR/USD 1D // 15 May 2024 Analysis

Short
Euro / U.S. Dollar (FX:EURUSD)  
thebrowntrader  
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Chart Patterns thebrowntrader
6
1
trendanalysis chartpattern thebrowntrader
We can see EUR/USD forming a beautiful downtrend on the daily timeframe.

We have an area of support and resistance marked as well.

We can see that the price has somewhat reacted to the trendline as well as the area marked.

With the CPI news coming out will see how it reacts to this trendline.
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.