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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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.