EUR/USD: another swing to the downside?

EUR/USD: another swing to the downside?

Trade idea

SELL 1.1240; TP 1.1200; SL 1.1265

EUR/USD will remain under negative pressure as long as it stays below the weekly pivot point at 1.1262. The pair broke below the support of the short-term uptrend last week forming a flag within the overall negative long-term tendency. Although the bearish momentum isn’t strong, the pair will likely test lover levels in the 1.1215/00 area.

eurusd h4.png

Similar

GBP/USD: levels to trade

GBP/USD has been consolidating between 1.30 and 1.2770 for the past month. The pair met resistance at the resistance line connecting October and November highs.

XAU/USD: an attempt to recover

After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.

Latest news

GBP/USD: levels to trade

GBP/USD has been consolidating between 1.30 and 1.2770 for the past month. The pair met resistance at the resistance line connecting October and November highs.

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