Bearish Pressure Mounting on the EURUSD
The EURUSD is currently consolidating between the 20-day MA (in red) and the 50-day MA (in green) while bearish pressure increases.
The currently emerging Triangle represents a classic trend continuation pattern; however, unless the price manages to break out above the Triangle's upper boundary, it could turn into a reversal pattern. A new bearish correction could target one of the two Fibonacci retracement levels.
The Shooting Star candle at the top supports these expectations for a reversal.
The currently emerging Triangle represents a classic trend continuation pattern; however, unless the price manages to break out above the Triangle's upper boundary, it could turn into a reversal pattern. A new bearish correction could target one of the two Fibonacci retracement levels.
The Shooting Star candle at the top supports these expectations for a reversal.
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.