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MuhammedRagab

EURUSD Analysis

Short
Euro / U.S. Dollar (FX:EURUSD)  
MuhammedRagab Updated   
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Chart Patterns Wave Analysis
2
0
trendanalysis chartpattern waveanalysis
Hello and welcome everyone this is my point of view for “EURUSD”.
If you like it please don’t forget to show me some love ♥

  • Classical POV:As we can see on 4H frame we can see Head&Shoulders Pattern as well as broken neckline and now retesting on it.
  • Elliott waves: we're now in major B waiting for minor B to complete and if it's going to be regular flat around 1.16441 78.6% FIBO if extended 1.15734 123.6% after wards to "C" to finish major B
  • Support and resistances:The end of Major A is important support as well as 50% fibo the green one as well.
  • As far as i can see it'll rebound little bit to get the momentum to break the 50%

My POV is that EURUSD is for Sell.
Comment:
Right now "B" Came flat and the prices are going up to make C. As shown in the chart
anyway whenever the price is going up it's a chance to sell. My POV is still the same but not yet turned to a signal
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