Euro / U.S. DollarShort
EURUSD Bearish move
Sentiment value- The market is short 78% and long 22%. The bears are in favor.
Technical analysis- The market is making lower highs and lows but it is in a pattern. We already see that it bounce off the resistance. I'm just waiting for the price to break support on the bottom line. We also have a another resistance making price go down more. I think this price will bounce to the bottom of the pattern.
fundamental value- There is some pretty strong news coming from Powell for the next few days, so be careful if you take this trade.
Conclusion- I'm a little worried about news if this trade gets set but I see a strong analysis from my side to work. I'm Just waiting for it to break that support level and I see it going down to 1.07130 level. What do you guys think?
Technical analysis- The market is making lower highs and lows but it is in a pattern. We already see that it bounce off the resistance. I'm just waiting for the price to break support on the bottom line. We also have a another resistance making price go down more. I think this price will bounce to the bottom of the pattern.
fundamental value- There is some pretty strong news coming from Powell for the next few days, so be careful if you take this trade.
Conclusion- I'm a little worried about news if this trade gets set but I see a strong analysis from my side to work. I'm Just waiting for it to break that support level and I see it going down to 1.07130 level. What do you guys think?
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.