EURUSD A SELL ON THE CARDS TO 1.12500 CAUTION! AWAIT DAILY CLOSE
Good evening from the UK. Now what do I see? We have had the perfect downward trend channel. This analysis is part 2 of the first article written 7 days ago. (see link below.)
My inner trend line was touch to the T! with a nice rejection on the 4H timeframe. With Dollar index gaining strength and the Euro looking week could we see another swing low the the downside? First target would be 1.12500 psychological key level if i see reversal signs at this level It could be a beginning of an inverse head and shoulder level to the upside. If this key level is broken my monthly resistance will be approached thick and fast heading towards the bottom trend line.
GUYS! its all dependant on Todays closure in all honesty. This can also be seen as a 4th Trendline and burst out to the upside. Any daily closures above 1.13650 a break to 1.14200 is lurking.
WAIT FOR CONFIRMATION! PROFESSIONAL ANALYSTS THEN THERES TRADERS WITH PROFESSIONAL ENTRIES.
My inner trend line was touch to the T! with a nice rejection on the 4H timeframe. With Dollar index gaining strength and the Euro looking week could we see another swing low the the downside? First target would be 1.12500 psychological key level if i see reversal signs at this level It could be a beginning of an inverse head and shoulder level to the upside. If this key level is broken my monthly resistance will be approached thick and fast heading towards the bottom trend line.
GUYS! its all dependant on Todays closure in all honesty. This can also be seen as a 4th Trendline and burst out to the upside. Any daily closures above 1.13650 a break to 1.14200 is lurking.
WAIT FOR CONFIRMATION! PROFESSIONAL ANALYSTS THEN THERES TRADERS WITH PROFESSIONAL ENTRIES.
