Hello and welcome to my Trade Idea of the currency pair EUR/USD.
Lets start with the Top Down Analysis.
Monthly: We see on the monthly timeframe bearish momentum.
Weekly: The weekly timeframe is in a downtrend too with big bearish candles.
Daily: The daily timeframe shows a ranging market but overall the trend is bearish.
H4: We draw on the h4 timeframe the strong down trendline and wait for a confirmed bounce.
Have a nice day.
Lets start with the Top Down Analysis.
Monthly: We see on the monthly timeframe bearish momentum.
Weekly: The weekly timeframe is in a downtrend too with big bearish candles.
Daily: The daily timeframe shows a ranging market but overall the trend is bearish.
H4: We draw on the h4 timeframe the strong down trendline and wait for a confirmed bounce.
Have a nice day.