GAP needs to be filled - 1.0780 - EUR BEARISH Long Term
Hello traders,
There is currently a gap in the market which is yet to be filled at 1.0780.
Any short term spike in the market is an opportunity to sell lower.
Germany is in a recession and the EU as a group is not far behind.
The ECB has also cut interest rates into the negative territory, therefore the EUR is bearish long term.
The DXY is due a pull back lower, therefore we could see some upside on the EURUSD before it breaks lower.
Major resistance at 1.1350 - Great entry for short position
Long term we could see the EURUSD down at 1.0600
Please let us know your thoughts on the set up
forexstoreau.com
There is currently a gap in the market which is yet to be filled at 1.0780.
Any short term spike in the market is an opportunity to sell lower.
Germany is in a recession and the EU as a group is not far behind.
The ECB has also cut interest rates into the negative territory, therefore the EUR is bearish long term.
The DXY is due a pull back lower, therefore we could see some upside on the EURUSD before it breaks lower.
Major resistance at 1.1350 - Great entry for short position
Long term we could see the EURUSD down at 1.0600
Please let us know your thoughts on the set up
forexstoreau.com
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.
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.