Eursdshot
EURUSD LONG SHORT CONFIRMEDCLEAR BEARISH CHANNEL THERE. BREAKOUT , NOW IN RETRACEMENT MOFE BEFORE THE HUGE FALL HAPPENS SOONER OR LATER. WAIT FOR PRICE TO SHOW CLEAR ENTRIES ON M15 OR M30 THEN YOU CAN SAFELY RIDE THE SEEL. LONG TERM. RR 1:8
Short: Waiting for Break 1.1700 and Target 1.1560$ and 1.1480$ Technical Analysis of EUR/USD
Option=1 The EUR/USD pair has moved lower during the corrective cycle and hit the level of 1.1755, which is the main channel lower line. Any violation of this level will only deepen the correction towards the next key technical support seen at the level of 1.1655. The momentum is below the fifty levels already and the market is coming off the overbought conditions as well, so odds for another wave down are quite high. The nearest technical resistance is seen between the levels of 1.1790 - 1.1813.
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Options 2= If the price manages to break out 1.1700$ and hit support level 1.1650 then we could see some small retracement towards new resistance 1.1700$ where we can see another correction downside towards 1.1560$ and further ore 1.1480$ monthly base chart.
$dollor must stay stronger coming weeks for EURUSD correction.
🛑SUPPORT/RESISTANCE
✅S1= 1.1650
✅S2=1.1560
✴️R1=1.1800
✴️R2=1.1910
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EURSUD: Below Resistance 1.1385 Downside Expecting WEEKLY baseThe EUR/USD pair faces strong resistance at the levels of 1.1384 because The EUR/USD pair knows saturation at the area of 1.1384-1.3050 on June 05, 2020. However, if the pair fails to pass through the level of 1.1384, the market will indicate a bearish opportunity below the new strong resistance level of 1.1384.
Thus, the market is indicating a bearish opportunity below 1.1384 so it will be good to sell at the zone of 1.1384 or/and 1.1290 with the first target of 1.1233. It will also call for a downtrend in order to continue towards 1.1153. The daily strong support is seen at 1.1131.
🛑SUPPORT/RESISTANCE
✅S1= 1.1240
✅S2=1.1135
✴️R1=1.1380
✴️R2=1.1460
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EURUSD possible support break ahead!!!Market Analysis: The market after breaking the monthly support level. Couple of days back is now retesting the broken support level. We are expecting some new lower lows to form in the coming weeks to see a huge downside move. If the resistance holds, so lets wait and see what the market does in the coming days. Cheers!
