EURUSD Breakdown

FX:EURUSD   Euro / U.S. Dollar
As we can see on weekly chart the price ahs already breakdown and retraced the trendline as it is close to the resistance level its very important to stay alert at this point and wait for good opportunity. Once it rejects the resistance level we can further see the 1.07 and 1.05 level as well. To be precise i am bearish for this trade as i can clearly see the convergence in this chart.

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.