Yesterday we shared the idea of new selling opportunities on EURUSD
Today we're looking at the first couple of expected levels and both options that we currently have.
In order for this move to continue lower we have to see a breakout of the previous low a t1,1586.
This will accelerate the downside move.
Once we see price below 1,1563, then we could also look to add to our short positions.
However, before we see such a breakout there is a chance for another upside move to 1,1680.
This will be an even better sell level.
If you don't have an active trade, then it's better to wait for a confirmation and then to enter.
The first target will be price reaching 1,1500. We will be following this situation in our daily analysis.
Today we're looking at the first couple of expected levels and both options that we currently have.
In order for this move to continue lower we have to see a breakout of the previous low a t1,1586.
This will accelerate the downside move.
Once we see price below 1,1563, then we could also look to add to our short positions.
However, before we see such a breakout there is a chance for another upside move to 1,1680.
This will be an even better sell level.
If you don't have an active trade, then it's better to wait for a confirmation and then to enter.
The first target will be price reaching 1,1500. We will be following this situation in our daily analysis.
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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
