The pullback on EURUSD will continue to 1,0660
In the beginning of the week we talked about the potential pullbacks on the major pairs.
Yesterday those pullbacks happened and we can now say where it will possibly end.
EURUSD is trading in a clear downtrend on the H4 and Daily timeframes.
But a part of this trend is a deeper retracement. Exactly what we see right now.
That indicates for a push up to 1,0660 and maybe even higher before the next drop and price eventually breaking below the low at 1,0350.
We don't trade the pullbacks meaning we're not looking to buy but instead, we would rather wait for another selling opportunity.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.