Hello and welcome to my Trade Idea of the currency pair EUR/USD.
Let's start with the Top Down Analysis.
Monthly: The monthly timeframe is in a strong downtrend.
Weekly: Weekly is bearish too. From February 24th to March 30th there was a massive price action.
Daily: If we don't go back too far on the chart we see a LL, HH, LL and a HL. This confirms the downtrend in the short term.
H4: We see on the H4 timeframe a counter trendline break and i expect a push to the lows.
Have a nice day.
Let's start with the Top Down Analysis.
Monthly: The monthly timeframe is in a strong downtrend.
Weekly: Weekly is bearish too. From February 24th to March 30th there was a massive price action.
Daily: If we don't go back too far on the chart we see a LL, HH, LL and a HL. This confirms the downtrend in the short term.
H4: We see on the H4 timeframe a counter trendline break and i expect a push to the lows.
Have a nice day.