Eur/Usd Break and Retest Price Action
Hello everyone,
After a week with the euro on the rise, we see here, from a technical point of view, a retest in the symmetrical triangle that alerted us to a possible sale that later came to be realized. Now opens up a new opportunity with a good risk-reward risk.
So we could almost enter immediately on this trade.
With this retest on the symmetrical triangle and expecting a stronger dollar, I’m personally looking to sell the asset thinking that the price as room to fall until the 1.1209 price level.
Key Note: The EUR/USD pair is highly correlated with the GBP/USD so we will see selling pressure on that asset too over the course of the week.
After a week with the euro on the rise, we see here, from a technical point of view, a retest in the symmetrical triangle that alerted us to a possible sale that later came to be realized. Now opens up a new opportunity with a good risk-reward risk.
So we could almost enter immediately on this trade.
With this retest on the symmetrical triangle and expecting a stronger dollar, I’m personally looking to sell the asset thinking that the price as room to fall until the 1.1209 price level.
Key Note: The EUR/USD pair is highly correlated with the GBP/USD so we will see selling pressure on that asset too over the course of the week.
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