Analysis of #EURUSD
Hi traders, today we will have a look at #EURUSD
as you can see here looking at the chart we have the EURUSD tested trendline resistance and started to go down.
the market right now is out of momentum and there is no reason for the euro to keep going up, although the trend direction is to the upside it's better to look for buy entries instead of selling entries, but if you want to sell you can look for the market to retest the trendline resistance, near 1,0900 and form double top before you getting in a sell
the better option is to wait for the market to test the trendline support which is also the structure support Zone near 1.0700 it will make a very good level for entry with a good reward to risk
I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one
Thanks for your continued support!
Hi traders, today we will have a look at #EURUSD
as you can see here looking at the chart we have the EURUSD tested trendline resistance and started to go down.
the market right now is out of momentum and there is no reason for the euro to keep going up, although the trend direction is to the upside it's better to look for buy entries instead of selling entries, but if you want to sell you can look for the market to retest the trendline resistance, near 1,0900 and form double top before you getting in a sell
the better option is to wait for the market to test the trendline support which is also the structure support Zone near 1.0700 it will make a very good level for entry with a good reward to risk
I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one
Thanks for your continued support!
