EURUSD → Active sale. Emphasis on 1.0900

14 oct. 2024

EURUSD continues to update lows since the fundamental background and uptrend change. Price is descending in a calm and progressive manner, which generally indicates the strength of the trend...



A strong drop from the distribution phase without any pullbacks is an indicator of a strong trend. There is a key liquidity zone ahead, which could form a surge in volume and liquidity that could lead to a small correction. For example to 1.095 - 0.7 fibo. On the Daily chart we see the realization of a failed breakout (false breakout), a strong distribution is formed. The liquidity at 1.077 - 1.067 may become the target of such a movement

Resistance levels: 1.095, 1.100
Support levels: 1.089, 1.077

There is no news until Wednesday, so the fundamental background remains the same. The market may stop and go into consolidation, but with a high probability the fall after the breakthrough of 1.089 will continue...

Rate, share your opinion and questions, let's discuss what's going on with ★ EURUSD ;)

Regards R. Linda!

14 oct. 2024

Note

15 oct. 2024

Transaction en cours

Entering bearish zone (activation zone)

18 oct. 2024

Trade fermée: cible de profit atteinte

Target reached!