Eurodollar 1 last sideways wave, before breaking.

Short

Euro / U.S. Dollar (FX:EURUSD)

Updated

FX:EURUSD Euro / U.S. Dollar

supportandresistance trendline movingaverage eurusd eurodollar

It cannot get tighter forever.

Let us keep an eye on it next week.

It will probably FINALLY break soon.

I waited a long time, sure don't want to miss it.

Maybe go up, maybe go down, the odds of going down are higher.

Will short it up here, good odds and risk to reward at its greatest at the top of the triangle.

Comment:

1 of 2 things will happen:

- The Eurodollar breaks in the next month.
- I will break.

Comment:

All eyes on what will happen this trading day.
And then the next few days.

We would be at the last step here, the MA crossed, now waiting to see what happens next? Test resistance for example? Basically, if the EURO is not up by next week, a downtrend is almost certain.

Comment:

This is it...
Broke out, going to trend bearish now, and USD bullish...

Comment:

Downtrend continuation?
Maybe not yet... Seing bullish divergence.
Probably retraces befoe actually going down further.

I expect EURUSD to retest 1.15 in the next days.

Comment:

Next support 1.13 more or less

A retest of 1.15 is certainly not guarenteed, but if it happens, good place to short, otherwise, they will be plenty of opportunities to join the trend.

Checking 2014 for reference...

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