Euro / U.S. DollarUpdated EUR/USD struggles to break the 4Hour resistance, have you sold?
Hello traders and the entire Tradingview community! EUR/USD has spiked
during the data release. However, it has failed to break the dynamic
resistance on the 4Hour chart. In fact, we have a bearish rejection candlestick
at the 4H resistance as you can see in the chart.
It needs to be seen if it goes lower than the 1.0730 level, which would open
the door towards a further downtrend.
For now, selling the rallies is preferred in EUR/USD if price reaches towards 1.0820 again.
during the data release. However, it has failed to break the dynamic
resistance on the 4Hour chart. In fact, we have a bearish rejection candlestick
at the 4H resistance as you can see in the chart.
It needs to be seen if it goes lower than the 1.0730 level, which would open
the door towards a further downtrend.
For now, selling the rallies is preferred in EUR/USD if price reaches towards 1.0820 again.
Note
You can’t expect any big movement now as the volume is low. In fact, as we approach the year end, volume and liquidity will be low and thus you need to avoid trades during this low volume periodNote
Once again, price is crawling towards the 1.08 levelNote
As per my new idea published yesterday, I mentioned EURUSD would go bullishNote
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.
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.