Yes it seems the EURO is likely headed towards the parity mark and possibly lower shall the demand zone/support marked on the chart break. Well on 4H timeframe it has already broken, however with markets we need extra precaution, therefore the main criteria for this trade to be valid, we need the daily candle to close below the marked level as well. After this a short trade can be executed with a minimum risk to reward ratio of 1:1.
Have a look at the main chart to observe the full technical picture behind this idea. Trade Safely & Cautiously.
Have a look at the main chart to observe the full technical picture behind this idea. Trade Safely & Cautiously.
