Short EURUSD To Around $0.99

An analysis of a variety of time frames ranging from the daily to the monthly month time frame suggests that the EURUSD price will continue to be observed in a down trending environment, which started June, 2021. In July, 2022, the EURUSD price may find support around $0.99xxx and resistance around $1.03xxx.

In the daily time frame, the EURUSD may continue to fall to around $1.00xxx or $1.01xxx before turning up around July 12.

This is not financial advice. I am not your financial advisor. This is my opinion.

Commentaire:

In the 3 hour time frame, the EURUSD may continue to fall until the Phoenix Ascending (PA) indicators (bottom panel; red, green, and blue lines, grey energy/momentum) reach their cycle bottom around July 6.

Commentaire:

EURUSD in the weekly time frame.

Commentaire:

EURUSD in the monthly time frame.

Commentaire:

The price continues to move toward the take profit target although the Energy (momentum indicator) is dissipating.

Commentaire:

This is what I expect to happen after trading resumes Sunday at 3 pm (CST).

Not financial advice.

Trade fermée: cible de profit atteinte:

This took a little longer to reach the take profit target but, overall, it was a nice profitable trade. Profit taken at $0.99604. Trade closed.