EURUSD has started to drop nicely, potential for further drop!
EURUSD has started to drop really nicely after breaking our ascending support line and our Ichimoku cloud. We see potential for further downside movement below our major resistance at 1.2270 (breakout level, pullback resistance).
Our next major level of support is at 1.2083 (Fibonacci retracement, horizontal pullback support).
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Our next major level of support is at 1.2083 (Fibonacci retracement, horizontal pullback support).
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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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.