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Hello my dear fellow community members,
There is a setup in EURUSD where you can see the rising trendline and falling pair. I expect the EURUSD to take support on this rising trend line near 1.0572 area on an intraday basis. Although the upside is limited as 50 SMA will be acting as resistance.
EURUSD DAILY CHART
A daily candle closing below the rising trendline will open the downside targets. Any comments about the setup are welcome.
Happy trading to all.
There is a setup in EURUSD where you can see the rising trendline and falling pair. I expect the EURUSD to take support on this rising trend line near 1.0572 area on an intraday basis. Although the upside is limited as 50 SMA will be acting as resistance.
EURUSD DAILY CHART
A daily candle closing below the rising trendline will open the downside targets. Any comments about the setup are welcome.
Happy trading to all.
