Euro / U.S. DollarShort
EUR/USD struggles at resistance, possibility of a fall!
Previous idea to sell EUR/USD@1.2440 worked pretty well as price dropped
more than 80 pips from there.
Currently, EUR/USD is at 1.2180 after the pullback last Friday. As you can see
from the chart, EUR/USD is facing some resistance in the 1.2250 supply level.
So, if the resistance continues to hold, there is a possibility of a deeper pullback.
My recommendation is to sell EUR/USD@1.2230-1.2260 with SL above the resistance
and TP at 1.21 if bearish price action continues at the lower TFs.
more than 80 pips from there.
Currently, EUR/USD is at 1.2180 after the pullback last Friday. As you can see
from the chart, EUR/USD is facing some resistance in the 1.2250 supply level.
So, if the resistance continues to hold, there is a possibility of a deeper pullback.
My recommendation is to sell EUR/USD@1.2230-1.2260 with SL above the resistance
and TP at 1.21 if bearish price action continues at the lower TFs.
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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.