EURUSD: Bearish consolidation in near term?
Hi everyone!
Trend is bearish on intraday chart and an approach around 1.07 area is possible. Having said that, on 1H chart the pair remains under pressure as long as the Price Action stays inside the descending channel. From a technical point of view, it is possible to form a harmonic structure or a bearish impulsive structure with Target around 1.07 area. A bullish channel breakout would initiate a bullish corrective structure.
Trade with care
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Trend is bearish on intraday chart and an approach around 1.07 area is possible. Having said that, on 1H chart the pair remains under pressure as long as the Price Action stays inside the descending channel. From a technical point of view, it is possible to form a harmonic structure or a bearish impulsive structure with Target around 1.07 area. A bullish channel breakout would initiate a bullish corrective structure.
Trade with care
Like | Share | Comment
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🔔Our resistance area has worked well.
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.