EURUSD @ 1.156 at weekly close. Range bound within a symmetrical triangle since mid June. As such there are many key price points on the 4Hr chart.
Price is currently in a down swing from the top of the triangle (from 1.17450).
Price has pierced and retested the bottom of the triangle that goes back to 30Dec16.
Current support is at week close around 1.156.
MA Cross is Short on 15M, 1H. 4H, 1D & 1W.
RSI is below RSI-MA14 on 15M, 1H. 4H, 1D & 1W
Happy to stay short now, looking to target 1.151.
Limit to downside will be an imminent expected Max on DXY.
EURUSD short will end when DXY reaches about 95.50
Price is currently in a down swing from the top of the triangle (from 1.17450).
Price has pierced and retested the bottom of the triangle that goes back to 30Dec16.
Current support is at week close around 1.156.
MA Cross is Short on 15M, 1H. 4H, 1D & 1W.
RSI is below RSI-MA14 on 15M, 1H. 4H, 1D & 1W
Happy to stay short now, looking to target 1.151.
Limit to downside will be an imminent expected Max on DXY.
EURUSD short will end when DXY reaches about 95.50