EUR/USD struggles to break 1.1218, targets 1.0925

FX:EURUSD   Euro / U.S. Dollar
1246 9 14
EUR/USD             is facing strong resistance around 1.2180 and not able to break that level. It has made a high of 1.2120 and started retreating from that level.

The pair’s major intraday support is around 1.0790 (Aug 13th low) and any break below will take the pair further down till 1.1000/1.0950/1.0920.

Minor resistance are at 1.1120 and break above targets 1.1150/1.11780.

Bearish invalidation only above 1.1218.

It is good to sell on rallies around 1.1080-85 with SL around 1.1150 for the TP of 1.095/1.0920
I see a flag and an upward breakout coming
Would have broken that EMA for a freefall
Wonderful analysis. Nice entry would be when that CCI flips bearish. would have also broken that EMA for a freefall
Hi FxWirePro, is there no called "consolidation"?, just to make it sure. thanks
Major intraday support at 1.0790??
FxWirePro Josphat89
S low formed after making a high of 1.1212
+2 Reply
Hi FxWirePro,

Does this also mean the BIG W Pattern is now say 'abandoned'? I'm not long just asking to make it clearer.

Yes it has abandoned
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