EURUSD H4 is headed towards Sell Zone
On the 4H chart we can see that:
1. EURUSD has been trading in a curved sideways channel
2. EURUSD is playing around the sell zone at 1.1388
3. Price is extremely overbought
Good indications for a bearsih price reversal.
In less than 20 minutes from now we have the ECB Interest Rate Decision. EU countries are being hit by new COVID waves, lots of negativity is built
and the market is looking for a way to correct itself.
Be prepared for spontaneous EUR pair movements.
Regards,
Mario Anderson - LegacyFX
1. EURUSD has been trading in a curved sideways channel
2. EURUSD is playing around the sell zone at 1.1388
3. Price is extremely overbought
Good indications for a bearsih price reversal.
In less than 20 minutes from now we have the ECB Interest Rate Decision. EU countries are being hit by new COVID waves, lots of negativity is built
and the market is looking for a way to correct itself.
Be prepared for spontaneous EUR pair movements.
Regards,
Mario Anderson - LegacyFX
Note
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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.