hello Friends I'm back this time with more relevant analysis, today on the EURUSD analyzer,
basically on a negative economic event on the EUR (GDP INTERTRIM / IFO) which can probably weaken the EUR.
Technically speaking, since May 19 the price plays in a range of 1.2237-1.2173
and we have formed a triple top which means the uptrend is weakening and, we can see a trend reversal if it breaks the neckline which is at 1.2173, for me to validate the downside scenario on this pair , the inclined line drawn by an orange color must be broken by a 4h candle and if this happens it will be our first objective 1.2173 and the 2nd objective is 1.20500
basically on a negative economic event on the EUR (GDP INTERTRIM / IFO) which can probably weaken the EUR.
Technically speaking, since May 19 the price plays in a range of 1.2237-1.2173
and we have formed a triple top which means the uptrend is weakening and, we can see a trend reversal if it breaks the neckline which is at 1.2173, for me to validate the downside scenario on this pair , the inclined line drawn by an orange color must be broken by a 4h candle and if this happens it will be our first objective 1.2173 and the 2nd objective is 1.20500