LADEEc57
Short

EURUSD : Possible Vulnerability to a Corrective Pullback

FX:EURUSD   Euro Fx/U.S. Dollar
54 2 1
FX:EURUSD             : 3 hr             time interval suggests price action maybe vulnerable to a sharp pullback when measured against the downward sloping trend line . Failure to hold above both upward sloping trend line & not extending beyond the resistant line near 1. 1290             , suggests a directional move to revisit support line at 1.1106.
Interesting how it spikes above the downward sloping trendline and falsely showing an upward momentum, only to end down back below the sloping line again. Price action is indicative of downward direction next week.
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Price action steadying within a narrow band range.
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