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Euro / U.S. Dollar
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The Pennant Is Broken! EURUSD Daily Chart 03 - 30 January 2022

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A new year has begun and the bulls are already leading having broken the pennant on the daily chart. If they are serious then our next stop is either any point on the downtrend line or the 1.1500s. Also, we must take note that the Build Better Bill fate is extremely uncertain and if it fails then we expect the euro to gain a lot of ground.
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Looks like the bears have defeated the bulls. A few significant trendlines, which bulls relied on, have been broken.
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The Bears Are Back! EURUSD (H4) 3 Jan 2022
RCtrader2
EURUSDeurusdselleurusdshortPennantSELLshortsignalSupport and ResistanceTrend Lines

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EURUSDeurusdselleurusdshortPennantSELLshortsignalSupport and ResistanceTrend Lines
RCtrader2

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.