EURUSD...A Near Term Reversal ??
EURUSD has trended down since May and to a greater degree since January 2021.
Presently there may be a reversal opportunity based on a present harmonic.
I suggest a reversal zone area and an entry point to ensure the trend is reversed.
Suggested targets and a stop are shown .
Additionally we are at the middle point of a defined channel, often a reversal area.
The bottom oscillator is nearing a turn up.
Not investment advice...do your own due diligence.
S.
Presently there may be a reversal opportunity based on a present harmonic.
I suggest a reversal zone area and an entry point to ensure the trend is reversed.
Suggested targets and a stop are shown .
Additionally we are at the middle point of a defined channel, often a reversal area.
The bottom oscillator is nearing a turn up.
Not investment advice...do your own due diligence.
S.
Note
More realistic targets have been appliedNote
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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.