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Forex Trading Strategies – Eur Usd Coming Down?

Written by:

Ezekiel Chew

Last updated on:

January 29, 2024
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Forex Trading Strategies -Is Eur Usd Coming Down?

Lets look at the daily chart as seen above. The eur usd has been heading up since the 4th of june 2010. And it is finally meeting the 150 moving average as shown in the highlighted oval.

To double confirm if there is further confluence. Lets look at the weekly time frame.

eurusdconwPrice has too reach the 365 moving average in the weekly time frame. Remember guys, the higher the time frame. The greater the respect these levels come into place.

Now that we have 2 confluence together. It seems that price MAY actually head for a temporary down turn. Taking a break from its up trend.

We will now wait for price action confirmation to enter.

ezekiel chew asiaforexmentor

About Ezekiel Chew​

Ezekiel Chew, founder and head of training at Asia Forex Mentor, is a renowned forex expert, frequently invited to speak at major industry events. Known for his deep market insights, Ezekiel is one of the top traders committed to supporting the trading community. Making six figures per trade, he also trains traders working in banks, fund management, and prop trading firms.

GET THE PROPRIETARY ONE CORE PROGRAM

(The same system I use to make 6 figures a trade with)

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Forex Trading Strategies – Eur Usd Coming Down?

Written by:

Updated:


Ezekiel Chew

January 29, 2024
CLAIM YOUR FREE 30-MINUTE STRATEGY SESSION (Be quick! FREE Spots Are Almost Gone For This Month)

Forex Trading Strategies -Is Eur Usd Coming Down?

Lets look at the daily chart as seen above. The eur usd has been heading up since the 4th of june 2010. And it is finally meeting the 150 moving average as shown in the highlighted oval.

To double confirm if there is further confluence. Lets look at the weekly time frame.

eurusdconwPrice has too reach the 365 moving average in the weekly time frame. Remember guys, the higher the time frame. The greater the respect these levels come into place.

Now that we have 2 confluence together. It seems that price MAY actually head for a temporary down turn. Taking a break from its up trend.

We will now wait for price action confirmation to enter.

ezekiel chew asiaforexmentor

About Ezekiel Chew

Ezekiel Chew, founder and head of training at Asia Forex Mentor, is a renowned forex expert, frequently invited to speak at major industry events. Known for his deep market insights, Ezekiel is one of the top traders committed to supporting the trading community. Making six figures per trade, he also trains traders working in banks, fund management, and prop trading firms.

GET THE PROPRIETARY
ONE CORE PROGRAM

(The same system I use to make 6 figures a trade with)

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June 13, 2025

The Real Secrets to Making Money in the Digital Wild West!

Read More

June 13, 2025

Coinbase CEO Says Bitcoin Could Be the World’s New Money!

Read More

June 13, 2025

5 Shocking Ways Israel’s Attack on Iran Just Rocked Your Investments!

Read More

June 13, 2025

3 HUGE Things You Need to Know After Meta’s Move!

Read More

June 13, 2025

Global Markets EXPLODE After Shock Middle East Attack!

Read More

June 5, 2025

Maximize Your Crypto Profit: Essential Strategies for Investors

Read More











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