Euro / U.S. DollarShort
EURUSD Bearish Triangle Breakout and Forecast
Fundamentals:
Powell’s testimony on monetary policy was quite optimistic pointing out the recent inflation readings are encouraging
On the Euro side, we will have June inflation figures.
On the US side, Housing Starts and Building Permits will be released.
Technically:
As seen on the H4 Chart, EURUSD is breaking out the Bearish Triangle. The price moved below EMA 50 and EMA 100.
1.16270 is the first support. 1.15980 and 115670 and 1.15380 will be the next target of the pair.
Powell’s testimony on monetary policy was quite optimistic pointing out the recent inflation readings are encouraging
On the Euro side, we will have June inflation figures.
On the US side, Housing Starts and Building Permits will be released.
Technically:
As seen on the H4 Chart, EURUSD is breaking out the Bearish Triangle. The price moved below EMA 50 and EMA 100.
1.16270 is the first support. 1.15980 and 115670 and 1.15380 will be the next target of the pair.
For alerts,special reports,news and singals over 15.000 + instruments our free discord channel
discord.gg/4DrmXHfvnG
About AI Discord Channel: bit.ly/470HjmP
Ücretsiz Discord Kanalımız
discord.gg/4DrmXHfvnG
discord.gg/4DrmXHfvnG
About AI Discord Channel: bit.ly/470HjmP
Ücretsiz Discord Kanalımız
discord.gg/4DrmXHfvnG
Related publications
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.