ForexCracked

EURUSD Weekly overview

Short
FX:EURUSD   Euro / U.S. Dollar
EURUSD as you see on Daily chart we had very wide moves so first we had a higher high then we got a lower low and then the price went back inside sup and res. the question is are we gonna keep pushing to the downside or there will be some some kind of support ,what we could say here that our last move was a lower low and now we've got a lower high.so a lower low ,lower high is a possible continuation ,

that is possible but also a bounce back to the upside from support area also a possibility,we may see some kind of break to the upside but unless you see the 4h channel broken there still to the downside for now, so keep following the downside move but if you see a break above the channel with a flag following that then we may see a return toward 1.1150 area , otherwise for now keep selling the top of the channel. if there is no break above it.

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