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Charles-JohnMakhema
Oct 10, 2017 12:15 AM

EURUSD Daily Chart  Short

Euro Fx/U.S. DollarFXCM

Description

Secondary trend indicating a Distribution Phase. Bullish Momemtum
seems to be showing a correction. Stage requires requires careful
analysis by the use of the Oscillators (RSI, STOCH), as well as
the Elliot Wave analysis.

Secondary movement normally warrants that the new Higher Low will
be above the previous Low. Advance and break through resistence
trend line to follow.

Corresponding Price Projection 1.18616
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