ICFX

Bearish weekly outlook - drop to 1.09217 (yearly S1)

Short
FX:EURUSD   Euro / U.S. Dollar
Weekly analysis...chart says everything. Chikou span is in free fall. Price was stalled at weekly pivot support S1 (yesterday´s day candle, pin bar) - I didnt plot weekly pivots here, you cant see it. It might bounce up to weekly or monthly pivot (area btw 1.11276-1.11696 i.e. max 20-64 pips up next 1-3 days) and then we will see a drop of ca. 220 pips in second part of the coming week. 116.81 would be a perfect entry for a massive drop. Price already retested the middle yearly pivot line (forming an evening star). EURCHF analysis confirm bearish EURO trend.

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