Get started
kywwu

Wait for Euro/USD to breakthrough downward channel

Long
Euro / U.S. Dollar (FX:EURUSD)  
kywwu Updated   
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Chart Patterns EURUSD EUR
1
0
trendanalysis chartpattern eurusd eur
snapshot

While EUR/USD obviously under pressure of the downward trend line, indicators including MACD and DMI shows bullish signals.

Pending EUR/USD to make a daily close above 1.1360 to confirm reversal, with initial target 1.1420, and another bet aim for higher 1.1560

Potential event to trigger the breakthrough could be the FOMC meeting this week
Trade active:
Break above resistance level after FOMC meeting as expected, short term remains bullish
HODL
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.