EURUSD, Can the euro recover from here.

EURUSD / 1D

Hello traders, welcome back to another market breakdown.

EURUSD has been trading in a down trend. For the first time this year. Bulls have actually started making a new bullish structure where traders should adapt to and start looking for longs.

The price is trading at a strong resistnace level: the low of the 7 years trading range. Traders will watch closely if bulls can actually claim this level or they will hae a 2 lagged pull-back before trying to break it again.

Checkout the chart for few possible scenarios that I'll be looking for in the next week.

İşlem aktif:

Bearish side is on the run.
Stop should be at Breakeven now/

Yorum:

Chart update: Still respecting the plan after a deviation (fake out).