EURUSD, Another setup for the bears.
EURUSD / 4H
Hello traders, welcome back to another market breakdown.
Technical analysis: The EURUSD currency pair has been experiencing a downward trend, with the price consistently breaking lower. Furthermore, on the monthly time frame, the price has rejected a major key level. In addition, the Dollar index DXY has also rejected a macro level, indicating further strength in the dollar. This, coupled with the US10Y bond market breaking its structure higher, makes it seem like a wise decision to invest in the dollar during its pullback phase.
The scenario I'm looking at:
test back to the broken trend line.
Trade safely,
Trader Leo.
If you like the indeas shared don't forget to like and subscribe, it helps spreading the good setups.
You can also check my last update on SIlver
Hello traders, welcome back to another market breakdown.
Technical analysis: The EURUSD currency pair has been experiencing a downward trend, with the price consistently breaking lower. Furthermore, on the monthly time frame, the price has rejected a major key level. In addition, the Dollar index DXY has also rejected a macro level, indicating further strength in the dollar. This, coupled with the US10Y bond market breaking its structure higher, makes it seem like a wise decision to invest in the dollar during its pullback phase.
The scenario I'm looking at:
test back to the broken trend line.
Trade safely,
Trader Leo.
If you like the indeas shared don't forget to like and subscribe, it helps spreading the good setups.
You can also check my last update on SIlver
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Youtube:
m.youtube.com/@beatthemarket4871
Our recommended broker EightCap: join.eightcap.com/visit/?bta=37691&brand=eightcap
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