EURUSD might recover from its losses
The EUR/USD has aborted a recently started recovery attempt and turned back down.
However, a look at the ratio of sellers to buyers, given the clear divergence, suggests that the bears have reached the end of their rope for the time being.
We are therefore opening a long position with an RRR of 2.5:1.
However, a look at the ratio of sellers to buyers, given the clear divergence, suggests that the bears have reached the end of their rope for the time being.
We are therefore opening a long position with an RRR of 2.5:1.
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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.