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Vitt3x
Oct 12, 2017 6:23 AM

EURUSD outlook Short

Euro Fx/U.S. DollarFXCM

Description

EURUSD will enter the resistance area shortly and retreat at the 1.19275 level. The retreat will start next week.

Comment

There is a strong XA FIB Retrace at 38.20% which coincides together with the 4h EMA 200. The day before the market struggled at our 4h EMA 200.

Comment

Until now the EMA 200 line is defending the bears. Maybe the bulls run the game again tomorrow. Target is still our red area around 1.19000 before there will be a greater retreat.

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