youngtiller

EU Trendline Break + Descending Triangle

Short
FX:EURUSD   Euro / U.S. Dollar
EU just broke the upward trendline. The 20 SMA is now serving as resistance. Might be a little hassle but I think we should see a move down to 1.0825 at least. Could get another test of the low at 1.0775, or even lower. FYI: It hasnt been good for EU when price goes below the 20 sma on larger timeframes. (I use the 1hr) I like seeing comments of any feedback!

Comments

well we hope in same scenario, just bough too early, expected 1 maybe 2 hrs earlier
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