EURUSD H4 is headed towards Sell Zone
On the 4H chart we can see that:
1. EURUSD has been trading in a curved sideways channel
2. EURUSD is playing around the sell zone at 1.1388
3. Price is extremely overbought
Good indications for a bearsih price reversal.
In less than 20 minutes from now we have the ECB Interest Rate Decision. EU countries are being hit by new COVID waves, lots of negativity is built
and the market is looking for a way to correct itself.
Be prepared for spontaneous EUR pair movements.
Regards,
Mario Anderson - LegacyFX
1. EURUSD has been trading in a curved sideways channel
2. EURUSD is playing around the sell zone at 1.1388
3. Price is extremely overbought
Good indications for a bearsih price reversal.
In less than 20 minutes from now we have the ECB Interest Rate Decision. EU countries are being hit by new COVID waves, lots of negativity is built
and the market is looking for a way to correct itself.
Be prepared for spontaneous EUR pair movements.
Regards,
Mario Anderson - LegacyFX
Note
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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.