looking for SELL positions in the coming week
#Technical_Analysis
#EURUSD-D
The EURUSD trend in the daily timeframe is entirely bearish. Two Fridays ago, the momentum also turned bearish, and the expectation was for the price to react to resistance levels such as 1.030 and 1.031 last week and resume its bearish trend.
Therefore, for the coming week, we expect the bearish trend to continue. However, a breakout above the 1.036 level would turn the market momentum bullish and invalidate this analysis.
#FarXpert
#EURUSD-D
The EURUSD trend in the daily timeframe is entirely bearish. Two Fridays ago, the momentum also turned bearish, and the expectation was for the price to react to resistance levels such as 1.030 and 1.031 last week and resume its bearish trend.
Therefore, for the coming week, we expect the bearish trend to continue. However, a breakout above the 1.036 level would turn the market momentum bullish and invalidate this analysis.
#FarXpert
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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.
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.