EURUSD : Sell when the price decreases !
Updated
The EUR/USD pair is currently facing a strong resistance zone around 1.0710, which could determine its next directional move. Recently, the pair has shown a bearish trend, with each attempt at recovery met by selling pressure at key levels. If sellers maintain control, there is potential for further declines toward lower support levels.
From a technical perspective, the price has respected a descending trend and remains below the key moving averages, signaling continued downside risk. Should the resistance hold firm, a retest of recent lows or even a further slide could be anticipated.
From a technical perspective, the price has respected a descending trend and remains below the key moving averages, signaling continued downside risk. Should the resistance hold firm, a retest of recent lows or even a further slide could be anticipated.
Trade active
Join My Signal Group Now and Unlock Exclusive Benefits:
t.me/+JhTJveorOQtjZTVl
📈 Real-Time Signal Updates
📚 In-Depth Trading Knowledge
💼 Capital Management and Exciting Trading Tips:
t.me/+JhTJveorOQtjZTVl
📈 Real-Time Signal Updates
📚 In-Depth Trading Knowledge
💼 Capital Management and Exciting Trading Tips:
Related publications
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.