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Yappy
Sep 10, 2017 5:26 PM

EURUSD (WEEKLY OUTLOOK) - TIME TO COME DOWN (2)? Short

Euro Fx/U.S. DollarFXCM

Description

Price has been stopped by the Upper Median Line for the 2nd time in 2 weeks. Should the price fail to penetrate this resistance, there is a good chance that it will give back some of its gains this week (0.764 retracement/blue triangle zone).

Either wait for a bearish close before entering for the conservative or enter a sell trade with a S/L just above the high on 08/09/2017 for a more aggressive trade.
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