EURUSD The global trend on the chart is bearish and after a false breakdown of the level 1.00036, the price breaks up the local downtrend and heads towards the resistance zone.
We see a local consolidation between the resistance of the descending channel and the level 1.000, after the price fixes above the descending channel a strong momentum of 100 pips is formed and the price heads to the channel resistance.
Preconditions for the fall from the resistance zone are: a global downtrend, strong trend resistance and distributive upward movement, I assume that the price will not have the energy to go up out of the global channel and we will see a pullback. The short-term target is support at 1.0000.
Regards R. Linda!
We see a local consolidation between the resistance of the descending channel and the level 1.000, after the price fixes above the descending channel a strong momentum of 100 pips is formed and the price heads to the channel resistance.
Preconditions for the fall from the resistance zone are: a global downtrend, strong trend resistance and distributive upward movement, I assume that the price will not have the energy to go up out of the global channel and we will see a pullback. The short-term target is support at 1.0000.
Regards R. Linda!
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🌹TRADING is a CASINO💔!?
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: telegram.me/RLindaTrade
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🔴Contact: telegram.me/RLindaSignals
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: telegram.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: telegram.me/RLindaSignals
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.