EURUSD: Bearish consolidation in near term?
Hi everyone!
Trend is bearish on intraday chart and an approach around 1.07 area is possible. Having said that, on 1H chart the pair remains under pressure as long as the Price Action stays inside the descending channel. From a technical point of view, it is possible to form a harmonic structure or a bearish impulsive structure with Target around 1.07 area. A bullish channel breakout would initiate a bullish corrective structure.
Trade with care
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Trend is bearish on intraday chart and an approach around 1.07 area is possible. Having said that, on 1H chart the pair remains under pressure as long as the Price Action stays inside the descending channel. From a technical point of view, it is possible to form a harmonic structure or a bearish impulsive structure with Target around 1.07 area. A bullish channel breakout would initiate a bullish corrective structure.
Trade with care
Like | Share | Comment
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.