Euro / U.S. DollarUpdated EURUSD multiframe analysis
Hello Trader, Here is the full analysis of EURUSD:
1) Monthly - No significant price action found.
2) Daily - There is a retracement upto 23 and expecting it to test 0.38 and 0.5 fib levels.
3) 4hourly Prices are moving between 1.1345 and 1.2686 levels
Action
Expecting a fall upto 0.38 and 0.5 fib levels because of very big impulse and we can see short selling upto this levels. 1.1192 and 1.1127 levels are crucial and one can look for long in this range.
Technical Indicators:
Moving Averages Bullish
Technical Indicators Bullish
Moving Averages Crossovers Bullish
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1) Monthly - No significant price action found.
2) Daily - There is a retracement upto 23 and expecting it to test 0.38 and 0.5 fib levels.
3) 4hourly Prices are moving between 1.1345 and 1.2686 levels
Action
Expecting a fall upto 0.38 and 0.5 fib levels because of very big impulse and we can see short selling upto this levels. 1.1192 and 1.1127 levels are crucial and one can look for long in this range.
Technical Indicators:
Moving Averages Bullish
Technical Indicators Bullish
Moving Averages Crossovers Bullish
How can you support me:
1) Like my idea.
2) Follow me for more analysis
Feedback :
Please share your feedback in comments and this will help me to improve my drawing and analysis
Note: This is purely for educational purpose.
Note
As expected Prices are testing 0.38 level.. A free fall from 1.4000 levels.. Hope this analysis helped you
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