#EURUSD BEARISH FORECAST Overview & Confirmations: We have a | Forex Trading

#EURUSD BEARISH FORECAST

Overview & Confirmations: We have a fantastic market structure on eurusd, it's been a long time since the last time the market looked so good! We're currently on a bearish market structure where we have few strong confirmation for the potential drop; the pair created a strong descending trend line which has several touches, and I'm expecting the pair to push a little more to the upside to touch the resistance zone where we previously had 3 solid touches. Once we see a touch around that zone (Price 1.06300) we will look for few more confirmations, mainly in the candles.

Let's see how it goes!

Risk: Medium

Entry & Targets:

Not ready yet.

https://www.tradingview.com/x/yfoP8UAK/

This analysis/trade does not constitute an investment advice, instead this is a trade that we've taken on our personal account and is shared on the solely purpose of journaling our performance, we are not responsible for any losses! Using risk managements is extremely important!