Hello traders, EURUSD is setting up for a downside move, i am currently waiting for price to break the downside support level which is also possible to become head and shoulder neckline. If price break that area and give me a beautiful retest i will be looking for a short position opportunity, in case price doesn't break the support level or neckline of head and shoulder and give me a impulsive break to the upside red trend line i will be looking for a short term long position opportunity up to previous high, this is my view about EURUSD.
watch EURUSD according to your own trading strategy and look for a short position opportunity for a short term trade setup after breakout of support.
If price go to the upside without hitting the support level then i will be let it go and this setup will be invalidate.
This is just analysis, not the exact trade or any kind of signal that proven with wining or losing % so be sure trade with your own according strategy do not depend on my analysis.
I wish you good luck in trading.
watch EURUSD according to your own trading strategy and look for a short position opportunity for a short term trade setup after breakout of support.
If price go to the upside without hitting the support level then i will be let it go and this setup will be invalidate.
This is just analysis, not the exact trade or any kind of signal that proven with wining or losing % so be sure trade with your own according strategy do not depend on my analysis.
I wish you good luck in trading.