Greetings Traders this is my analysis for EURUSD and it is short.
We can see on the chart that the price has reached the Resistance Line after a good uptrend swing movement.It was a result that has touched the Resistance Line.
Now it has reached its potential and it is preparing for a Downtrend Movement to the Support Line.
hi! what abut a head and shuders ? it seems t be formed between 13 ian-22feb....isn't it pssibe to go up till the resistence line ? thanks!
Zaks_ForexRules
⋅
@moacamarius1998, Everybody had asked me,it is good that you have noticed if the price 1.212300 we can open a position for a Sell,i have noticed that for the Buying. But let me remind you that this is a strong resistance zone , which formed at the intersection of the resistance line in July 2020 and a small zone since December 2021,we should see but i would like that wath you have said,we should wait patience is the key .I also expect that in the future it will leave the zone and again descend making a Downtrend Movementl. So my final goal is 1.201 key level to the support.
moacamarius1998
⋅
@Zaks_ForexSignals1, what about hiting 1.25 then start drawning ? i mean for few mounths/years target.... i have had seen a very strong resistance at 1.25... maybe i am wrong