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shiftpark
Jul 29, 2019 11:35 AM

EURUSD - Still in downtrend (short-term) Short

Euro Fx/U.S. DollarFXCM

Description

Price broke out of triangle consolidation and is still below the 1H 21 EMA and 4h 21 EMA which have been very good trend indications.

We might find support at 1.111, but if not, 1.106 is a very good target as a 1 to 1 extension of Wave A (25th June - 9th of July)

Trade closed: target reached

Target hit almost to the tick. I expect a move up from here
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