Vladimir RibakovOwner, Chief Trader at Home Trader Club (Former Traders Academy Club), Owner, Chief Trader at Home Trader Club (Former Traders Academy Club) · Owner, Chief Trader at Home Trader Club (Former Traders Academy Club)

EURUSD analysis- 5 June 2023 #forexeducation #forextrading #forexsignals #eurusd #eurusdanalysis

6 Jun 2023 · 1 min

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Vladimir Ribakov analyzes EUR/USD and sees lower prices ahead. The pair shows lower highs and lower lows, with a bearish hidden divergence suggesting the downtrend continues. His base case: the pair retests levels from his previous weekly forecast.

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And I believe the euro dollar is yet to go down. Here are the technical conditions we have on the euro dollar: lower highs created here on this bearish trend. As we can see, we have sequence of lower highs, lower lows for a bearish trend. And if we compare the highs on the chart with the higher highs on the indicator, we get a bearish hidden divergence, which hints a trend continue. However, there's question I can I can see here. Is it going directly from here, or are we going to see some range or pullback for a while? All the scenarios are very possible here, and here are three scenarios as I can see them. Scenario number one, which is very likely, is yep, we are going all the way down from here. To retest the next levels we discussed from the previous weekly forecast.