EUR/USD SHORT POTENTIAL
Here are the reasons on EUR/USD short potential :
- Monthly chart is forming a leg down after a double top pattern, and resuming to it's major support @1.08652
- Weekly chart is showing an overall bearish trend
- Daily chart is also bearish, but bouncing from it's support @1.11766 as a correction to the upper side
- 4H chart is showing a clear image of a pullback to it's resistance @1.12816
- H1 chart with Fibonacci confirmed a break on 0.618 level and continuing to 0.786 (this is also confirmed by OsMA indicator). If it rejects, then a short pattern is confirmed
Conclusion
Don't take any positions for now, and wait for the confirmation of short position as I mention above. I will post more for the analysis update on
EURUSD
- Monthly chart is forming a leg down after a double top pattern, and resuming to it's major support @1.08652
- Weekly chart is showing an overall bearish trend
- Daily chart is also bearish, but bouncing from it's support @1.11766 as a correction to the upper side
- 4H chart is showing a clear image of a pullback to it's resistance @1.12816
- H1 chart with Fibonacci confirmed a break on 0.618 level and continuing to 0.786 (this is also confirmed by OsMA indicator). If it rejects, then a short pattern is confirmed
Conclusion
Don't take any positions for now, and wait for the confirmation of short position as I mention above. I will post more for the analysis update on
EURUSD
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.