EURUSD: Sell signals on 4H and 1D towards 1.12300.

The pair has currently hit a Lower High on the 4H Channel Down (RSI = 51.755, MACD = -0.001, Highs/Lows = 0.0000) making 1.13540 the most suitable sell entry on 4H. Since the Channel's Lower Lows have a -0.34% difference, we expect the next Lower Low to be also -0.34% at 1.12300, which is our TP.

If that fails, on 1D the most suitable sell entry is at 1.1415, which is a Lower High on 1D. Since the Lower Highs on 1D are on a -0.24% sequence we assume that the next potential Lower High will also be -0.24% from the previous one, i.e. 1.1415.




** If you like our free content follow our profile (www.tradingview.com/u/InvestingScope) to get more daily ideas. **

Comments and likes are greatly appreciated.