EURUSD: continues to form a downtrend
From October 2020 to January 2021, the price increased. But in January there was a trend reversal and since then the price has been forming a falling channel. She has almost dropped to the start zone in November. With this channel, there is a noticeable alternation of rates and corrections, and right now the price is in the process of forming such a correction. It can be expected to fall to 1.176 and then rise to the 1.188 price level.
SL - 1.169.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
SL - 1.169.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
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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.