EUR/USD - brakeout from triangle - new low for 2018 ?
After the euro has broken down from the triangle in the last week I see a high probability of a new year low. There are currently too few bullish signals and the willingness of major investors to take risks is diminishing. The first signs of a possible crisis unsettle the eurozone and therefore weaken the currency. I expect further downturns in the next week and open a short position after receiving a sell confirmation from the market.
Trade closed: stop reached
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The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
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.