EUR To USD – Purple War Zone!

Risks in the US Banking System: Potential Impacts and Contagion Concerns

EURUSD is overall bearish trading inside our orange channel, however, it is currently approaching the lower orange trendline

Moreover, the area 1.08 - 1.09 is a "Resistance turned into Support".

So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the green support and lower orange trendline.

As per my trading style:

I will be waiting for it to approach the highlighted purple circle area to look for buy setups (like a double bottom , trendline break , and so on...)

Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!

~Rich

Risks in the US Banking System: Potential Impacts and Contagion Concerns

Richard Nasr

- Full-time Trader, Coach, and Founder of theSignalyst with 400+ Students Worldwide.
- Founder of RichTL, which is the first and only indicator of its kind to help traders make Objective Technical Analysis.
- TOP author on TradingView platform
- NewsCrypto.io Ambassador and Educator
- Featured on Influencive as one of the TOP 10 Forex Mentors in 2021
- Featured on many websites like Yahoo!, Market Watch, and Digital Journal