EurUsd: 1.1500 Is Proving Solid Resistance Short

FX:EURUSD1W

Euro Fx/U.S. DollarFXCM

Description

⋅ May 21, 2016 1:48 PM

Comments on the chart

Comment

⋅ May 23, 2016 8:33 PM

Uptrend line is now being threatened. Go euro go.

Comment

⋅ May 24, 2016 10:47 PM

Price broke below the uptrend line today. It is looking good for more downside

Comment

⋅ May 31, 2016 8:44 PM

Price starting to get comfortable below the uptrend line. There is trouble ahead for the euro...

Comment

⋅ Jun 2, 2016 12:45 AM

Retest of the breakdown line? Yes.

Comments

RichardClose

⋅ May 22, 2016 3:38 AM

Olu, would I be correct to say that your chart also indicates a Triangle Ascending between 2015-4-20 and 2015-10-5? If so this is a great chart to teach with. It also displays perfectly the $1.05 support level you pointed out, very easily seen.

Wave-Trader

⋅ May 21, 2016 2:29 PM

nice Olu i am agree

Olu

⋅ May 21, 2016 3:08 PM

Thanks. Your chart shows the channel clearly. And we are art the top right now moving away from it. Well done

Wave-Trader

⋅ May 21, 2016 3:09 PM

ya did you see my updates Olu on this idea

Olu

⋅ May 21, 2016 3:28 PM

yes I saw them. Hope they go our way