EURUSD - Technical Analysis

By mohdfajas | Technical crypto | 3 Apr 2022


 

 

 

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    EURUSD

EURUSD has been in a very strong bearish move due to many fundamentals and the US dollar gaining strength. Price has recently created a flag pattern   and has been moving inside the structure, as of now price made a third touch to the flag and made an impulsive move to the downside which is expected.

Now I expect more movement to the downside towards the bottom of the flag pattern before making a bullish move in my analysis point of view. Now the price has sill enough room to the downside to take advantage of, wait for correction in 1hr or 15min timeframes to get a good entry point. Its better to wait for good confirmation before jumping in as this is a high probability setup, so wait patiently.

  Disclaimer : This is not a financial advice, only for educational purpose

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mohdfajas
mohdfajas

Just a guy looking for something and everything


Technical crypto
Technical crypto

Daily forecasts, technical analysis and my thoughts on some of the crypto coins purely based on the technical side and chart patterns

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