A pullback to 1,1370 and then another drop on EURUSD
Yesterday we saw price reaching its next support which is now holding.
Today, we're expecting a pullback to 1,1370 and another drop. The entry opportunities would be on the pullback and rejection of the resistance. Those levels will give us the best risk to reward ratio.
We will be looking for a breakout of 1,1290 in case of another downside impulse. That will, once again confirm the downtrend.
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
Also on:
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.