MountOlympusFx

EURUSD Buy: Weekly, Daily & 4hr multiple time frames analysis

Short
FX:EURUSD   Euro / U.S. Dollar


EURUSD Short

+ Weekly: Last week candle closed as a shooting star below 1.1340 after huge rejection signalling bear strength to come. Moving averages also bearish.

+ Daily: Strong break below 1.1340 and is now at .1300 monthly with small rejection signalling bull pressure coming in. Moving averages havent crossed bearish yet.

+ 4hr: I do now expect price to rally up into 1.1340. If this level hold then I do expect price to plummet to 1.1150 weekly support.
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