SKACAPITAL

EURUSD WEEK OUTLOOK SKACAPITAL

FX:EURUSD   Euro Fx/U.S. Dollar
EURUSD             looking bearish . All of our targets have been met. However, if price breaks and closes below 1.11260 then we can possibly see further bearish momentum to downside targets of 1.10500 then 1.1000-1.09500. (Careful of false breakout).

There are two patterns Rising Wedge (Continuation to downside) and a 5 wave pattern within the channel. We now await for the channel to be breached with strong PA confirmation before we enter.

On the other hand if price breaks above the rising channel and breaches the 5 wave pattern we can look for a long trade to 1.14500 then possibly higher.

I personally believe EURUSD             would see 1.1000-1.09500 before we see further upside movement to our long term psychological target (1.2000).

We have safety levels and management levels before we enter our trades.

Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener 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 Billing Sign Out