EURUSD 24/05/2021

23 thg 5, 2021

Here is my continuation analysis of EURUSD. Last week we can see that EURUSD can not break the 1.2250 area. In the daily timeframe, I see the Cord Of Wood pattern is being formed which tells me that EURUSD getting weaken. And in the 4H timeframe, we can see also that EURUSD formed a double top pattern. With that said, I believe that the Impulse movement for EURUSD is done and right now EURUSD will make a retracement wave to the downside before continuing to the upside again. I will share also my daily timeframe view below.

Disclaimer: This is my personal trading setup !! Please use this only for comparison with your own analysis.

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https://www.tradingview.com/x/Z7DvmZVL/