EUR/USD- (65% chance of more downside)!
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EUR/USD- 4hrs
TA Wise:
We see more downside due to a potential bear flag forming. Senkou span is also cutting below the long day candle with MACD looking for more downside.
FA Wise:
This week, we will have major news coming out from US, Europe and UK that can have a huge impact on EUR/USD pairing.
Keep trading of this pairing to day trade, and reduce exposure to trading it during major news announcement for UK election, interest rate decision and FOMC economic statement.
Follow us at Twitter @SurgeInsider or join our telegram channel at t.me/surgeinsider
(Disclaimer: This is non-financial advice, any past performance, projection, forecast or simulation of results is not necessarily indicative of the future or likely performance of any investment.)
TA Wise:
We see more downside due to a potential bear flag forming. Senkou span is also cutting below the long day candle with MACD looking for more downside.
FA Wise:
This week, we will have major news coming out from US, Europe and UK that can have a huge impact on EUR/USD pairing.
Keep trading of this pairing to day trade, and reduce exposure to trading it during major news announcement for UK election, interest rate decision and FOMC economic statement.
Follow us at Twitter @SurgeInsider or join our telegram channel at t.me/surgeinsider
(Disclaimer: This is non-financial advice, any past performance, projection, forecast or simulation of results is not necessarily indicative of the future or likely performance of any investment.)
Note
Breaking out of the trend channel reduces the chances of a bear flag continuation.
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