EURUSD DAILY ANALYSIS
2017/1/30 - 7:52 am EST
1. price just broke down the H4 support zone at 1.0660 area, and made AB=CD pattern. This becomes the second push down and we expect a third push down in the next few days
2. expect price to retrace back a little bit, maybe to the 1.0650 level and come back to retest the day low at 1.0630 level or simply break down further to 1.0605 level to reach 1.618 Fib level of the first push down.
1. price just broke down the H4 support zone at 1.0660 area, and made AB=CD pattern. This becomes the second push down and we expect a third push down in the next few days
2. expect price to retrace back a little bit, maybe to the 1.0650 level and come back to retest the day low at 1.0630 level or simply break down further to 1.0605 level to reach 1.618 Fib level of the first push down.
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