Euro / U.S. DollarUpdated EUR/USD 1 hour chart analysis: 60 pips fall?
Dear traders, EUR/USD has been struggling to break the 1.0785 level for the last 12 hours.
If you look at the hourly chart, you can see plenty of bearish candlesticks in the congestion
zone that I have highlighted in my chart.
So, based on the above, if the price doesn't break the 1.0785 level, EUR/USD can fall back down
to the 1.0720 level. Short-term traders can take advantage of this and bag 50-60 pips profit
from the potential fall in EUR/USD.
If you look at the hourly chart, you can see plenty of bearish candlesticks in the congestion
zone that I have highlighted in my chart.
So, based on the above, if the price doesn't break the 1.0785 level, EUR/USD can fall back down
to the 1.0720 level. Short-term traders can take advantage of this and bag 50-60 pips profit
from the potential fall in EUR/USD.
Trade active
Sold@1.0782Note
Dropped as expected, running in 20 pips profitNote
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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.