EUR/USD 4H SHORT
EUR/USD May fall 50-100 pips
Price has broken out of the ascending channel and has formed a new downwards trend. Support at 1.0947. The 38% level on the fib has already been crossed, if the current trend continues, price is likely to go past this point.
Intraday - 4H
Trade: Sell
Entry 1.1005
Sell or Below: 1.1042
Target TP: 1.0947 & 1.0888
Pivot and Support 1.0947.
Alternative scenario:
Trade: Buy
Bur or Above: 1.1042
Target TP: 1.1090 & 1.1140
Price has broken out of the ascending channel and has formed a new downwards trend. Support at 1.0947. The 38% level on the fib has already been crossed, if the current trend continues, price is likely to go past this point.
Intraday - 4H
Trade: Sell
Entry 1.1005
Sell or Below: 1.1042
Target TP: 1.0947 & 1.0888
Pivot and Support 1.0947.
Alternative scenario:
Trade: Buy
Bur or Above: 1.1042
Target TP: 1.1090 & 1.1140
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.