OK so EURUSD has tried to break its S1 resistance a couple of times and is failing to do so.
As a result, EMA50 has come in to almost hit S1 support, along with a downward trend line and previous fib 236.
RSI is also bearish with lower lows.
4 combined levels of resistance with the bearish RSI and general bearish trend of the pair means this would appear to be a very strong shorting opportunity.
Currently targeting the previous low as a TP with a SL at just above the previous high. However, I suspect the pair has further to go so may end up trailing the stop (if indeed it goes short).
if it does break through this combined resistance level, I would anticipate a sharp impulse to long.
Either way, definitely a pair to watch over the rest of the day I would suggest!
As a result, EMA50 has come in to almost hit S1 support, along with a downward trend line and previous fib 236.
RSI is also bearish with lower lows.
4 combined levels of resistance with the bearish RSI and general bearish trend of the pair means this would appear to be a very strong shorting opportunity.
Currently targeting the previous low as a TP with a SL at just above the previous high. However, I suspect the pair has further to go so may end up trailing the stop (if indeed it goes short).
if it does break through this combined resistance level, I would anticipate a sharp impulse to long.
Either way, definitely a pair to watch over the rest of the day I would suggest!
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.