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.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out