The weekly TF shows price has respected resistance 1.25600 and I see EURUSD generally in a downtrend. The daily TF shows the close of Friday with strong bear momentum at level 1.19966. I believe price will first have a correction phase at this region before moving impulsively to the downside. A good entry would be at the break off this level to short to 1-18601.
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.