TraderNeoh

EURUSD Trade Idea

FX:EURUSD   Euro / Dollaro
In yesterday's analysis, I discussed about waiting for some sort of exhaustion sign for further bearish continuation towards the Launch zone (1.1960 area), setup was invalidated as there's a deep pullback. In today's trading session, I will remain neutral bias. There are two setups that I'm looking at

1. The way price reacts at the bottom band of the flag pattern is crucial, If there's a rejection that could send EU back towards the 1.2030 minor support zone (Bearish)
2. If price violate the bottom band/ break above it, that'd invalidate the short setup.

The overall trend on the higher timeframe remains bullish, what I'm looking at is some short-term bearish sentiment in the market.

Trade safe.

Do follow my profile for daily fx forecast & educational content.

Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.