Hi everyone
After a good amount of bull market for EURUSD,now we can see the indications of a possible bear trend .These indications include less buying pressure and long shadows on top and bottom of last couple of bar in 4 hours chart.
As the wedge pattern forms, in the next couple of bars we may get a breakout of the bull trend line.In my opinion, the price will reach 1.07 $ probably shows some resistance and break out of the current channel to the lower one and if we consider a measured move we may get to see it reaches the 1.065$ or if we consider this the continuation of our weekly bear trend line we may see lower prices.
Hope this analysis helps you in a way.
I will answer your questions,Just leave a comment below and PRESS THE LIKE BOTTOM please.
After a good amount of bull market for EURUSD,now we can see the indications of a possible bear trend .These indications include less buying pressure and long shadows on top and bottom of last couple of bar in 4 hours chart.
As the wedge pattern forms, in the next couple of bars we may get a breakout of the bull trend line.In my opinion, the price will reach 1.07 $ probably shows some resistance and break out of the current channel to the lower one and if we consider a measured move we may get to see it reaches the 1.065$ or if we consider this the continuation of our weekly bear trend line we may see lower prices.
Hope this analysis helps you in a way.
I will answer your questions,Just leave a comment below and PRESS THE LIKE BOTTOM please.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.