EURUSD is in Bearish ModeAs we can see in the chart the EURUSD has rejected its uptrend and now falling below its trend line which is giving a strong indication that the market will fall furthermore to the downside.
Eurusdforecastnews
EUR/USD UPDATE !! Down to 1.19000.Good Day Traders !!! It's time for an update on EUR/USD. Last time we identified the H&S pattern and we said that the price will come for a retest of the neckline and this is exactly what happened. Now we are sitting at an extremely strong level of resistance and we expect the neckline to reject the price and see more bearish movement overtime, Also we have the 0.618 Fib level in confluence with the resistance of the neckline which makes it even harder to break. From an institutional perspective we have a massive amount of longs have been closed and hedge funds added short position on EUR , So we might also have some sell limits around this area and we could see a potential drop in price.
Now if you enjoyed this analysis smash that like button and share. If you have a different opinion please leave a comment below as I would love to get more insights and ideas. I also linked my previous idea about this asset.
Trade safe !!!
EURUSD PRIMING TO SHORT - ANOTHER PUSH TO 1.10350?Entry to short is now, will take a few days to play out. Overall target is 1.10350, we will take profits as price moves down.
Two options for EURUSDEURUSD have a strong support at 1.11180
I'm waiting for the pullback to buy or sell the EU. What's your opinion?
EU About Time - Will be A long Journey but 1.10 Cometh EU About Time for rise - it Will be A long Journey no doubt! but 1.10 Cometh
