EUR/USD Technical Bear Hypothesis 300609 [No Consensus available]Current territory: EUR
Current Main Momentum: EUR
Current Zone: EUR
Main Resistance Materials: US inflation control, EU dependencies, & traders selling-off (Strong)
Main Support Materials: Constituents EUR prior Overbought MM (Weak)
Issue: Price Testing Main Resistance
Valid observation:
• Possible bearish pivot point at <>1.4117ish (Daily/H4)
• Stop loss <>1.4233ish
• Possible price significant excess towards Target 1 at <>1.3916ish
Risk to Profit ratio: 1:2
Consensus: USD 3/5 bias
Disclaimer: Trading in the FOREX market & other forms of investments involves risk. This information should not AT ALL be viewed as investment recommendations. The charts & information provided here are not meant for investment purposes & only serve as technical examples.
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