We've been looking for a possible reversal since the beginning of the month here on EURUSD
It looks like this has happened now. We can see lower highs and lower lows.
However, this can be seen on the hourly timeframe only.
What can we expect right now?
We expect a downside continuation and the first support level is at 1,1760. This level will most probably be used from others to collect profits.
Once we have a break below that level, then the next support is at 1,1670, but is price action going to actually reach it? We will see in our next analysis.
Support us with a like and a comment!
It looks like this has happened now. We can see lower highs and lower lows.
However, this can be seen on the hourly timeframe only.
What can we expect right now?
We expect a downside continuation and the first support level is at 1,1760. This level will most probably be used from others to collect profits.
Once we have a break below that level, then the next support is at 1,1670, but is price action going to actually reach it? We will see in our next analysis.
Support us with a like and a comment!
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