aseebmaz

EURUSD SELL OOPORTUNITY

Short
FX:EURUSD   Euro / U.S. Dollar
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EURUSD sell opportunity as we expect new lows, their is a clear downtrend that is being formed, the daily and weekly timeframes show a Fibonacci level with a 0.5 bearish retracement on the weekly trend line which is the 2nd retest but bulls failed to break the 1.1500 level, the 4H timeframe shows a levelling out of RSI and a wedge breakout on the downside, bearish pressure is continuing to reject any bullish movements creating higher highs.

cross currency analysis shows USDCAD and USDJPY at strong daily support levels, as these pairs try to regain losses we should see the euro falling heavily to new daily lows around the 1.1250 mark. sell on all peaks for day traders or for swing traders hold sell position for the end of the week. USDCAD possible buy on strong support also.