Eurusd downtrend
EURUSD
The market is pulling to the swing level after the support restest. Price action is losing momentum on the 1H timeframe. The market rejected the swing before. I expect the price to fall from resistance and the downward trendline. The alternative scenario is a range market before a breakout for a new trend. My goal is to support around 1.07630
The market is pulling to the swing level after the support restest. Price action is losing momentum on the 1H timeframe. The market rejected the swing before. I expect the price to fall from resistance and the downward trendline. The alternative scenario is a range market before a breakout for a new trend. My goal is to support around 1.07630
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.