justatrader
Short

EURUSD downside to 1.063 opens up

FX:EURUSD   Euro Fx/U.S. Dollar
972 1 18
Confluence of horizontal support with median lines. Potential resistance zone at 1.094 - 1.0935 region. Look for doji or bearish reversal pattern here near the outer median line . A break below 1.08168 will see a sharper decline down to 1.0632 region.
Comment: EURUSD Daily chart has formed a H&S pattern. 1.065 - 1.063 most likely on break of the neckline at 1.0837
snapshot
Comment: The short set up is still governed by the H&S pattern. Here's the updated chart. Not ruling out a move to 1.10, which could be used to take an additional short depending on the risk management.
snapshot
Comment: 12Hour chart view.
snapshot
Comment: Cover stops to 1.0986, the recent high.
Trade closed: stop reached: Stopped out: 1.0986
1.08 region of support is still strong, so unless EURUSD breaks below this support the short bias should be approached with caution.
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