Euro / U.S. DollarShort
EUR/USD - SHORT
Updated
1M
Price has reached a key monthly resistance at 1.24000 rejected 4 times before we saw bearish engulfing. EMA are still lagging on this time frame.
1W
EMA have crossed to the down side. Past 4 week candles have been bearish with a rejection last week on support level 1.9250. Breaking this level this week we should hit the next monthly support level.
1D
Price has tried to break back above 1.9250 but the downwards facing EMA’s are pushing the price lower. Yesterday a shooting star formed which rejected the EMA.
4H
CTL has been broken, alongside the Key FIB area hit for me. Resistance 1.9250 has been tested again on this time frame and we are now trading below it. EMA is also just about to cross.
Price has reached a key monthly resistance at 1.24000 rejected 4 times before we saw bearish engulfing. EMA are still lagging on this time frame.
1W
EMA have crossed to the down side. Past 4 week candles have been bearish with a rejection last week on support level 1.9250. Breaking this level this week we should hit the next monthly support level.
1D
Price has tried to break back above 1.9250 but the downwards facing EMA’s are pushing the price lower. Yesterday a shooting star formed which rejected the EMA.
4H
CTL has been broken, alongside the Key FIB area hit for me. Resistance 1.9250 has been tested again on this time frame and we are now trading below it. EMA is also just about to cross.
Trade closed: target reached
Target hit profit taken.
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