EURUSD Overview week commencing on 7th June 2021
Weekly Closure - Bearish Doji once again showing the indecision as it approaches previous level of weekly rejection (resistance). https://www.tradingview.com/x/kWxawrLW/
Daily Chart - previous Daily closure showing some bullish momentum , (still maintaining a bullish trend). https://www.tradingview.com/x/YnSMmSMC/
H4 Chart - very extensive 1st wave could see a retracement towards the previous level of resistance, which would match the 50% fib level. https://www.tradingview.com/x/xNUARFbl/
30m Chart- We had a break of support and as I am potentially expecting a potential retracement on the higher timeframes which would make a bearish trend on a lower timeframe such as the 30m chart, current expectation would be a full Elliott Wave on the 30m ( which would mean that we would be currently on wave 4 ) to go lower (around the previous H4 resistance) and potential resume the bullish trend. https://www.tradingview.com/x/DwtYtmJr/
Daily Chart - previous Daily closure showing some bullish momentum , (still maintaining a bullish trend). https://www.tradingview.com/x/YnSMmSMC/
H4 Chart - very extensive 1st wave could see a retracement towards the previous level of resistance, which would match the 50% fib level. https://www.tradingview.com/x/xNUARFbl/
30m Chart- We had a break of support and as I am potentially expecting a potential retracement on the higher timeframes which would make a bearish trend on a lower timeframe such as the 30m chart, current expectation would be a full Elliott Wave on the 30m ( which would mean that we would be currently on wave 4 ) to go lower (around the previous H4 resistance) and potential resume the bullish trend. https://www.tradingview.com/x/DwtYtmJr/
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