EURUSD is currently trading around the values of 1,1600 and while it’s below 1,1700, we consider it to be in a downtrend.
That means we could see another downside move here.
That raise in price which started on Friday, looks like it has the strength to continue, but the levels around 1,1640 might affect price and result in a lower high.
As of right mow, we don’t have any active positions here and we are patiently waiting. Once we see a clear rejection, we will be looking for short opportunities.
In case of a breakout above 1,1700, we will then look for long trades.
That means we could see another downside move here.
That raise in price which started on Friday, looks like it has the strength to continue, but the levels around 1,1640 might affect price and result in a lower high.
As of right mow, we don’t have any active positions here and we are patiently waiting. Once we see a clear rejection, we will be looking for short opportunities.
In case of a breakout above 1,1700, we will then look for long trades.
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❓ If you got questions: t.me/Semkov
💰 PAID SIGNALS AND ANALYSIS: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
