The 5%ers' Blog

Will EUR/USD Continue His Bearish Momentum

April 19, 2019 | 9:31 am | The 5%ers' Blog
April 19, 2019 | 9:31 am
The 5%ers' Blog

Friday  19/04/2019

For the long terms (daily or weekly chart), we can see that EURUSD is bearish.

Yesterday, the price dropped from 1.1300 zones and created a fresh new supply level,

That supply, can be the sign that the long terms bearish momentum is continuing and it’s a time to look for sell position, also, the divergence between MACD indicator and the price is back to be Bearish, the supply above is a great level for sell position, the stop-loss order will be just Above this supply, if the price will hit the stop loss, the supply at the top will be the second level for another New sell position, in both cases, the long term target will be 1.1000 zones.

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