Two important factors right now that show weakness of EUR/USD long-term
#OPINIONLEADER##EUR/USD#First, we see creation of a double top on the daily time frame and it is a strong reversal pattern that can dump price hard and whenever the price is below this daily resistance 1.2340 then this pattern is forming and is still valid.
The second one is that red trendline that is forming and can dump price easily like previous time so first resistance zone is here and then again as we said another one is around 1.2300 zone if it reaches.
targets and supports ahead:
A. 1.2050
B. 1.1960
Do your own decision and have a good day!
Like and comment if you find that helpful!
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.