EURUSD Going Down
#trading_idea #EURUSD 💡
💸 #EURUSD - We May See A Further Decline
With Powell's speech coming up later today, the markets are starting to adjust. On the 1-hour chart, the euro has slipped below the 50-period moving average and the 1.1130 resistance level. A bearish engulfing candle suggests that the decline might keep going. The MACD is showing that the bears are in control, and the Bulls & Bears indicator is backing up their strength.
🔽If the price breaks down the middle line of Bollinger Bands the further decline to 1.1101 is possible.
🔼Otherwise, a retest the resistance 1.1130 is likely.
What do you think?🤔
😎 Choose"👎" if you expect a decline and "👍" if you expect a price hike.
💸 #EURUSD - We May See A Further Decline
With Powell's speech coming up later today, the markets are starting to adjust. On the 1-hour chart, the euro has slipped below the 50-period moving average and the 1.1130 resistance level. A bearish engulfing candle suggests that the decline might keep going. The MACD is showing that the bears are in control, and the Bulls & Bears indicator is backing up their strength.
🔽If the price breaks down the middle line of Bollinger Bands the further decline to 1.1101 is possible.
🔼Otherwise, a retest the resistance 1.1130 is likely.
What do you think?🤔
😎 Choose"👎" if you expect a decline and "👍" if you expect a price hike.
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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.