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theforexarmy

EURUSD remain bearish with break of our long term support

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Euro / USA-dollar (FX:EURUSD)  
theforexarmy  
FX:EURUSD   Euro / USA-dollar
EURUSD eurusdshort eurusdidea eurusddaily eurusdnews eurusdlong USD EUR eurusdanalysis eurusd1hr eurusdlongsetup eurusdsell eurusdforecast
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eurusd eurusdshort eurusdidea eurusddaily eurusdnews eurusdlong usd eur eurusdanalysis eurusd1hr eurusdlongsetup eurusdsell eurusdforecast
Sell below 1.0711. Stop loss at 1.0758. Take profit at 1.0623.
Reason for the trading strategy (technically):
We remain bearish with the break of our long term ascending support-turned-resistance line. The goal is to be bearish below 1.0711 resistance (Fibonacci retracement, horizontal overlap resistance, pullback resistance) for a drop to at least 1.0623 (Fibonacci retracement, recent swing low support).
RSI (34) is seeing descending resistance

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Omnämnanden

michaelnagy
Bearish White Swan + Bearish Dragon EURUSD
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