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daniel44royalpurple

#EURUSD - PULLBACK AT HIGHER STRONG CONSOLIDATION

Euro / U.S. Dollar (FX:EURUSD)  
daniel44royalpurple  
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators
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trendanalysis chartpattern indicator
WEEKLY TIMEFRAME - Price is currently under the weekly 200 ema signifying a downtrend. EURUSD is also creating lower highs further validifying a downtrend.


DAILY TIMEFRAME - Price is has rejected the consolidation at 1.12416. It is currently breaking through consolidation at 1.13691, and may continue to consolidate. There is a strong possibility for price to rise to 1.15897, reject this price point, and continue to the downtrend.


snapshot
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