On the weekly timeframe we can see many rejections and reversal candles on the 0.90000 thousand pip quarter point showing us possible reason for a reversal of the trend. On the daily chart you can see an ascending triangle forming for a breakout, and a shooting star candlestick right at the 0.9000 level to further confirm a bearish trend. Now down to the 4 hour...
Price is reaching a previous high and has passed the 1.1000 demand and resistance level. Over the next few days EURUSD may trend downward to test that previous resistance as support. Stochastic shows overbought on the daily for the initial downward movement to form the handle. The 8EMA has crossed the 20 and 50 Simple Moving Average to depict a possible trend...
