Hello everyone,
I would like to share my opinion on EUR/USD across multiple timeframes. Upon analyzing the daily chart, it is evident that the price is currently in a critical zone and is displaying signals that suggest a potential move towards lower prices in the 4-hour and 1-hour timeframes.
Based on this analysis, I believe that as long as the price remains below 1.0940 in higher timeframes, it could present an opportunity for a short position. However, it's important to note that if the price closes above the daily zone, it would invalidate this analysis and require a reassessment.
Please remember to exercise caution and use appropriate risk management techniques when trading EUR/USD or any other currency pair.
If you have any further questions or need clarification, please let me know.
I would like to share my opinion on EUR/USD across multiple timeframes. Upon analyzing the daily chart, it is evident that the price is currently in a critical zone and is displaying signals that suggest a potential move towards lower prices in the 4-hour and 1-hour timeframes.
Based on this analysis, I believe that as long as the price remains below 1.0940 in higher timeframes, it could present an opportunity for a short position. However, it's important to note that if the price closes above the daily zone, it would invalidate this analysis and require a reassessment.
Please remember to exercise caution and use appropriate risk management techniques when trading EUR/USD or any other currency pair.
If you have any further questions or need clarification, please let me know.
