Hello traders, if you look at the 4hour chart in EUR/USD , you will notice
that price has pulled back after touching the resistance level.
In my previous idea, I already sold after EURUSD touched the 1.1005 level.
Currently a little over 50 Pips profit. However, looking at the price
action, it seems EUR/USD can fall a lot more.
If the bearish price action persists, I expect 1.09 and 1.08 levels to be in the picture
over the next few days.
that price has pulled back after touching the resistance level.
In my previous idea, I already sold after EURUSD touched the 1.1005 level.
Currently a little over 50 Pips profit. However, looking at the price
action, it seems EUR/USD can fall a lot more.
If the bearish price action persists, I expect 1.09 and 1.08 levels to be in the picture
over the next few days.
Note
Bearishness persisting, already 70 pips fall from the highsNote
First target reached
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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.