EURUSD outlook

Euro Fx/U.S. DollarFXCM

Description

⋅ Aug 2, 2015 3:38 PM

EU moving in a consolidation period for months. Currently have yet to show any clear trending direction, whilst price movement is slowing down into a triangle structure. Would like to wait price to breakout of TL before any trade entry.

Upside potential target - 1.14000
Downside potential target - 1.07246

Comments

Pip-thief

⋅ Aug 2, 2015 5:49 PM

Thanks for the chart. My opinion is this pair is a SELL

Xaff

⋅ Aug 2, 2015 4:28 PM

Good analysis, it's clear your point. Let's see what market does.

Regards.