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Eurusdsell

EURUSD Weekly overviewEURUSD as you see on Daily chart we had very wide moves so first we had a higher high then we got a lower low and then the price went back inside sup and res. the question is are we gonna keep pushing to the downside or there will be some some kind of support ,what we could say here that our last move was a lower low and now we've got a lower high.so a lower low ,lower high is a possible continuation , that is possible but also a bounce back to the upside from support area also a possibility,we may see some kind of break to the upside but unless you see the 4h channel broken there still to the downside for now, so keep following the downside move but if you see a break above the channel with a flag following that then we may see a return toward 1.1150 area , otherwise for now keep selling the top of the channel. if there is no break above it. ***Comment your thoughts down below!
Short
by ForexCracked
EURUSD is under selling pressureEURUSD As the corona virus cases surging in European region the stocks and indices are falling down and the investors are selling off their portfolios Recently the Euro got more weakness due to this And ECB is trying to provide additional stimulus package to cop up with the outbreak EURUSD is trading in a downtrend channel After reaching the 1.09781 level which is also a 61.8% Fibonacci its started falling towards 1.09100 which is 78.6% Fibonacci Currently this 78.6% Fibonacci is acting as barrier for the bull We can open short positions at this level Potential take profit will be 1.07540 Stop lose may placed above the 1.09800 level Leave your valuable comments below EURUSD - PIVOTAL POINTS PP 1.092 R3 1.1282 R2 1.1164 R1 1.1038 S1 1.0795 S2 1.0677 S3 1.0552
Short
by forexorbit
EURUSD sell tradeEURUSD More or less the same type of falling has happening in EURUSD as GOLD The more and more cases were tested positive in corona virus infection And the market forecasting/expecting a rate cut from ECB,this will further weaken the Euro against all the pairs. Now its currently trading at 1.11000 level which is 61.8% Fibonacci level As the downtrend chart patterns shows as further falling of this pair is inevitable We can open short positions at 1.11420 level which is 50% Fibonacci level And the potential take profit will be 1.09325 which is 78.6% Fibonacci level Stop lose may placed above 1.12300 level Please leave your valuable comments below EUR/USD pivotal points S3 1.1026 S2 1.1064 S1 1.1084 P 1.1101 R1 1.1122 R2 1.1138 R3 1.1176
Short
by forexorbit