Euro against Dollar , is looks like in Seller control in weekly analysis ,inspite its long term bullish move.. price action analysis only for education purpose..
IT WILL GO SHORT AFTER BREAK AND RETESTING THE RESISTANCE LEVEL 1.20737
Euro against USD looks bullish in long term , but when it comes to short term it looks to pullback from 1.20 area at the end of the 2nd week of Decemeber...
EURUSD Currently the price is in resistance and for correction it will move downwards to support @1.17900 - 1.17950 ...wait for price confirmation and GO LONG.. Take profit 1 @ 1.18800 Take profit 2 @ 1.19450 otherwise it can go downwards upto @ 1.17250 and GO LONG .. Take profit @ 1.18050.
Exercise patience here please, for validation 0.786 B point retracement of the XA leg, which our pattern requires. potential reversal zone will be defined after reaching 1.19069, which then completes our AB=CD. Our harmonic resistance will be above 1.19100 area
After the rally of the Euro to the upside, it is facing now a consolidation which might lead to a huge drop the downside. Let's wait and see.
The head and shoulder pattern is forming and also going from the major zone so i'm expecting that EU will go down, my bias for EURUSD is SHORT. Do give a thumbs up if you like the analysis an also tell me if i made any mistake in the comment section, THANK YOU
analysis mentioned on the chart.
analysis mentioned on the chart.
expecting short in eurusd because eur usd break the channel in downside and expecting new moves in downside SELL EURUSD @ 1.1800 TP1 : 1.1720 TP2 : 1.1620
Heavy Short selling can be seen if failed to sustain the level of 1.7500 and it will bolster the view if prices slipped below the level of 1.17000
EURUSD currently trading at a range, below 1.170 on closing basis and RSI break down best for sell. Support and Resistance mentioned in Chart.
Initial days strength of USD to looks to send the EURO further down, may in the mid of the week Euro make a turn to upside