Here we have a high probability drop.
CONFIRMATIONS:
1) It breaks & retest it's channel
2) Based on price action (1H candles seem to reject the buyers & wants to keep going down).
3) DXY (Dollar Index) seems to bounce up that mean the opposite for the EURUSD
4) It was forming for a drop but because USD PPI it go up to retest.
5) Market go to EMA 200 & respected it so EMA 200 works like resistance to EURUSD.
6) EMA 50 breaks EMA 200 to downside.
ENTRY: (1.1768)
STOP LOSS: (1.1803 - 35 pips)---> 1.1800 key level
TP1 : (1.1733 - 35 pips ) 1:1
TP2 : (1.1698 - 70pips) 1:2
HAVE FUN & HAPPY PROFITS ! ! !
CONFIRMATIONS:
1) It breaks & retest it's channel
2) Based on price action (1H candles seem to reject the buyers & wants to keep going down).
3) DXY (Dollar Index) seems to bounce up that mean the opposite for the EURUSD
4) It was forming for a drop but because USD PPI it go up to retest.
5) Market go to EMA 200 & respected it so EMA 200 works like resistance to EURUSD.
6) EMA 50 breaks EMA 200 to downside.
ENTRY: (1.1768)
STOP LOSS: (1.1803 - 35 pips)---> 1.1800 key level
TP1 : (1.1733 - 35 pips ) 1:1
TP2 : (1.1698 - 70pips) 1:2
HAVE FUN & HAPPY PROFITS ! ! !