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EURUSD Overview: Potential Bearish White Swan Pattern
EURUSD Overview: Potential Bearish White Swan Pattern
Instrument | EURUSD |
Time Frame | H4 |
Link to Chart | EURUSD Live Charts |
Data to watch | EUR CPI 10:00 GMT |
US RETAIL SALES 13:30 GMT | |
Technicals | Price is below EMA 50 & SMA 200 |
Murrey Math Resistance 1.10470 | |
EU CPI and US Retail Sales may cause a volatility. | |
The pair is sell the pullback pair and will remain under bearish pressure near term | |
1.10779 is the key resistance on the chart confirmed by SMA100 | |
Near term targets: 1.09860 1.09550 1.09280 | |
Main Trend | Strongly Bearish |
The direction in The Chart | Down |
Pattern/ Signal | Bearish White Swan |
Trade Signal | Sell |
Accuracy | 62% |
Estimated Completion Time | 1-2 H4 Bars |
Entry 1 | Mentioned in the chart |
Entry 2 | Mentioned in the chart |
Invalidation Level ( Stop Loss) | Mentioned in the chart |
Target 1 | Mentioned in the chart |
Target 2 | Mentioned in the chart |
Target 3 | Mentioned in the chart |
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DISCLAIMER: This is a technical analysis study, not advice or recommendation to invest money
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility