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Jan 20, 2016 1:05 AM

EUR/USD W1 Short

Euro Fx/U.S. DollarFXCM

Description

It looks like a Bullish Shark pattern projection (yellow), but support on 1.0522 making it uncertain. If you take a look at the segment BC, it could be sign of an ABCD bearish pattern pointed to the 61.8-78.6 Fib (1.1258 – 1.1458). Overall and taking considerations of the pattern on the monthly chart, the pair prevails in a downtrend, so it would be better to wait for a clear short setup.
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