Hello fellow traders and investors,
EURUSD is finding a hard time to push the price up at this area. The the earlier marked wick is still untaken which shows the bears are in control so far. Based upon the current price action this is a sell setup that is worth the risk. We can see that the price is finding resistance at the channel median and that makes the price form a flag at this point.
Good luck and don't forget to give us a thumb if you like our analysis! If you have any questions or want us to analyse a specific pair, feel free to contact us.
Regards, ValescoTradingGroup
EURUSD is finding a hard time to push the price up at this area. The the earlier marked wick is still untaken which shows the bears are in control so far. Based upon the current price action this is a sell setup that is worth the risk. We can see that the price is finding resistance at the channel median and that makes the price form a flag at this point.
Good luck and don't forget to give us a thumb if you like our analysis! If you have any questions or want us to analyse a specific pair, feel free to contact us.
Regards, ValescoTradingGroup