Euro / Dolar A.S.Singkat
EURUSD: Trendline break? Finally a trend reversal? SHORT
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On the weekly chart we can see the EURUSD is in a downtrend and price has been hovering around the trendline for weeks now.
The uptrend on the Daily chart is supported by a trendline to the upside and this was tested last Friday! Let’s see how markets open on Monday. Will this break continue indicating a move to the downside/trend reversal?
Also look at my DXY analysis which supports this scenario as well.
Before getting in on this move I’d like to see:
a) A break of the trendline
b) A retest of the trendline
c) 1.20600 is a major support that needs to be broken eventually for this move to continue.
The uptrend on the Daily chart is supported by a trendline to the upside and this was tested last Friday! Let’s see how markets open on Monday. Will this break continue indicating a move to the downside/trend reversal?
Also look at my DXY analysis which supports this scenario as well.
Before getting in on this move I’d like to see:
a) A break of the trendline
b) A retest of the trendline
c) 1.20600 is a major support that needs to be broken eventually for this move to continue.
Nota
USD is gaining strength but we need to see more to get confirmation on this move. recent recistance act as support now so a break would confirm further downside.Dagangan ditutup secara manual
Broke out of the downward range so I switched to long positions. Was a nice run!
Penafian
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