Hello and welcome to my Trade Idea of the currency pair EUR/USD.
Lets start with the Top Down Analysis.
Monthly: The monthly timeframe is very bearish.
Weekly: The last weekly candle breaks all lows and is very huge bearish.
Daily: The daily timeframe is in a downtrend too.
H4: On the h4 timeframe we draw the powerful trendline. We wait for a confirmed bounce and then we expect a push to the lows.
Have a nice day.
Lets start with the Top Down Analysis.
Monthly: The monthly timeframe is very bearish.
Weekly: The last weekly candle breaks all lows and is very huge bearish.
Daily: The daily timeframe is in a downtrend too.
H4: On the h4 timeframe we draw the powerful trendline. We wait for a confirmed bounce and then we expect a push to the lows.
Have a nice day.