Hello and welcome to my Trade Idea of the currency pair EUR/USD.
Lets start with the Top Down Analysis.
Monthly: The monthly timeframe is in a very strong downtrend with nearly no pullbacks.
Weekly: We can recognize on the weekly timeframe a little pullback. But overall the timeframe is bearish.
Daily: On daily we see the pullback in more detail.
H4: Here we draw the counter trendline. After the breakout the counter trendline was confirmed.
Have a nice day.
Lets start with the Top Down Analysis.
Monthly: The monthly timeframe is in a very strong downtrend with nearly no pullbacks.
Weekly: We can recognize on the weekly timeframe a little pullback. But overall the timeframe is bearish.
Daily: On daily we see the pullback in more detail.
H4: Here we draw the counter trendline. After the breakout the counter trendline was confirmed.
Have a nice day.