Euro / U.S. DollarShort
EUR/USD rally comes to a halt. More drop ahead?
As I predicted yesterday, the EUR/USD's rally has finally come to a
halt near the 1.2080 resistance area.
Yesterday, a bearish pinbar candlestick has formed on the daily chart
which is a significant development.
If the bears can continue their hold on this pair, a drop to 1.1850
will be increasingly possible over the next few days.
My previous signal: Sell EUR/USD@1.2075-1.2100
SL:1.2150
TP:1.1900
is still valid. Traders can also look for new sells if price action continues
to show bearishness.
halt near the 1.2080 resistance area.
Yesterday, a bearish pinbar candlestick has formed on the daily chart
which is a significant development.
If the bears can continue their hold on this pair, a drop to 1.1850
will be increasingly possible over the next few days.
My previous signal: Sell EUR/USD@1.2075-1.2100
SL:1.2150
TP:1.1900
is still valid. Traders can also look for new sells if price action continues
to show bearishness.
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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.