EUR-USD
The Euro vs. Dollar currency pair is trading on the H4 chart in a short-term downtrend and is now stuck in the range between the horizontal support and resistance levels. Now it looks like we will break the current support with a bounce from the short-term trend line. This breakout would trigger a sharp downward shift in price, which is also supported by the PPI results that were published a while ago. This price breakthrough could lead to a decline to further local support, which is an ideal condition for us to enter the sell trade.
The Euro vs. Dollar currency pair is trading on the H4 chart in a short-term downtrend and is now stuck in the range between the horizontal support and resistance levels. Now it looks like we will break the current support with a bounce from the short-term trend line. This breakout would trigger a sharp downward shift in price, which is also supported by the PPI results that were published a while ago. This price breakthrough could lead to a decline to further local support, which is an ideal condition for us to enter the sell trade.
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.