Hello traders,
EURUSD has been in an uptrend since mid May. As from the chart, it is making higher lowers forming a uptrend line. However, in the recent days, it stops making higher lows and started forming equal high at the key resistance 1.1280. It broke the uptrend line and might be a hint that price is going to reverse soon. It is possible to short the pullback at 1.11980 and aim for 1.1090 (TP1) and 1.0981 (TP2). Stop loss will be obviously above the key resistance at 1.1308
Thanks and Trade safe :)
EURUSD has been in an uptrend since mid May. As from the chart, it is making higher lowers forming a uptrend line. However, in the recent days, it stops making higher lows and started forming equal high at the key resistance 1.1280. It broke the uptrend line and might be a hint that price is going to reverse soon. It is possible to short the pullback at 1.11980 and aim for 1.1090 (TP1) and 1.0981 (TP2). Stop loss will be obviously above the key resistance at 1.1308
Thanks and Trade safe :)
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.