spesfinancial
Short

EURUSD Possible short opportunities in coming days

FX:EURUSD   Euro Fx/U.S. Dollar
74 0 1
Week chart: Last week a strong bearish candle was completed below key support zone, and in the following week we would look for short if price could stay below this zone.

Day chart: As can be seen, the price is now testing the resistance of previous horizontal support zone. I'd like to look for short opportunities if price could break last week's low, the first target is next low on day chart, and next target is the lower track of the possible channel.

4 hour chart: We have to wait for a bearish candle as a confirmation of the effectiveness of the horizontal resistance and the downside trendline. If this candle appears, I'd like to look for short entries when price breaks last week's low after a consolidation.
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