Thursday, February 9, 2023

EURUSD Potential for bearish drop towards previous swing low

To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.TitleEURUSD Potential for bearish drop towards previous swing lowTypeBearish ReversalPreference:Looking at the H4 chart, my overall bias for EURUSD is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market.Expecting price to drop from the pivot level towards the support where the previous swing low is.It's worthy to note that there is an intermediate support which is the overlap support.The resistance level is the overlap resistance.

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/eurusd-potential-for-bearish-drop-towards-previous-swing-low"
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