Elfatir

Elfatir

EurUsd we are in a downtrend creating HL and LL, now what we expect to happen is to fall to the area 1.20527 where LL will be formed and in that area is also our target.

Elfatir

We’re in New York season, too we refused to break the powerful Support which has been retested all the time as Support and as Resistance, from this rejection we have emerged in the end we will have Bullish movement until zone 1.21832

Elfatir

As we can see we are inside a consolidation zone. Inside in this area we have noticed that we have formed a strong trendline that represents support, and we have broken this support after 7 hours of trying. Now we will wait for the retest of this Support which is now resistance and again the Bearish movement until the touch of our Target.