The EURUSD trend continues

By Biznes-Broker | Analysis of the financial markets | 29 Sep 2021

EURUSD

The last analysis has not been completed and we are still in the downward trend. oRGR should be played only when the price breaks through the resistance, because only then we have formed a pattern. The present example is a perfect illustration of a situation where too much haste causes losses. Several times it happened that I was persuaded to invest earlier when I see the formation of oRGR and RGR. My position does not change and the current situation on the chart is a perfect confirmation that it is not worth risking when there is no signal to conclude a transaction.

I will consider long positions at the moment only after breaking the marked resistance and correction.

eurusd

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Biznes-Broker

Trader, cryptocurrency and forex market analyst. Editor of investor magazines: EN: http://biznes-broker.com/ PL: http://pvq.pl/ By giving me a tip you donate it to charity. All collected funds will help children and animals in need.

Analysis of the financial markets

Subjective view of the financial market. Mainly Forex, Indexes and Commodities. Analyzes based on technical analyzes. All analyzes are my view of the market. It is not recommended to make trading decisions based on the information provided. You can check my work here: EN: http://biznes-broker.com/ PL: http://pvq.pl/

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