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LADEEc57
Oct 1, 2015 12:21 AM

EURUSD : Possible Vulnerability to a Corrective Pullback Short

Euro Fx/U.S. DollarFXCM

Description

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.
Comments
LADEEc57
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.
LADEEc57
Price action steadying within a narrow band range.
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