Mahtab_Tradia

EURUSD Drop or Reverse?

FX:EURUSD   欧元/美元
As you see in the 4H time frame, we are facing a strong downtrend and bearish pressure.

Currently, price is in a correction phase and is bouncing between support and resistance levels.

There is a strong support zone (yellow colour) around 1.84 which has pushed the price to the upside in the past, and price is approaching to this zone right now:

If price breaks the yellow support zone and closes a bearish candle below this level, we can expect more drop on EURUSD around 1.076

On the other side, if price gets rejected from the yellow support zone and create a bullish reversal pattern, we should wait for the upside breakout on the red resistance zone and candle closure above it, to expect a rise and reverse around the next resistance point at 1.098

Join My Telegram Channel:
t.me/Tradia_Channel

Follow My Instagram:
Mahtab_Tradia

My YouTube Channel:
youtube.com/channel/UCLVMX3VGgdo8d02jF99SihQ
免责声明

这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。