Strong bearish dynamic resistance
My analysis shows that EURUSD might fall after reaching the Dynamic resistance, here are the reasons why
1.The overall trend is a downtrend with Bears in control, as we can see from the chart
2.The market is in a Bearish channel meaning bears are in control of the overall trend
3.The Dynamic resistance was tested and respected 2 times meaning there's a high chance it might be respected again, which will cause the market to drop down
As we can see, the Resistance is strong as it was able to push the price all the way down
1.The overall trend is a downtrend with Bears in control, as we can see from the chart
2.The market is in a Bearish channel meaning bears are in control of the overall trend
3.The Dynamic resistance was tested and respected 2 times meaning there's a high chance it might be respected again, which will cause the market to drop down
As we can see, the Resistance is strong as it was able to push the price all the way down
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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.