Has the decline on EURUSD started?
Yesterday we looked at our sell zone, and now we can already see price rejecting it.
The move isn't confirmed yet and we have a push back up after each drop.
Technically, we see a rejection of the sell zone and price heading to its first support at 1,1290.
In order for this move to continue, we shouldn't see market going above 1,1400.
We will have a confirmed downside move on a breakout and re-test of 1,1290.
Until then, all positions are still considered risky so use a smaller lot size and make sure to move your SL!
The move isn't confirmed yet and we have a push back up after each drop.
Technically, we see a rejection of the sell zone and price heading to its first support at 1,1290.
In order for this move to continue, we shouldn't see market going above 1,1400.
We will have a confirmed downside move on a breakout and re-test of 1,1290.
Until then, all positions are still considered risky so use a smaller lot size and make sure to move your SL!
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❓ If you got questions: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
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💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
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