julez

EUR/USD 4H SHORT

Short
FX:EURUSD   Euro / U.S. Dollar
EUR/USD May fall 70-100 pips
Insight - Price has dropped further at a rapid rate and formed a new downwards trend line with support at 1.0620 and resistance at 1.0804
the downwards trend is steep and price is likely to go down further.
 
Intraday -  4H
Trade: Sell
Sell or Below: 1.0620
Target TP: 1.0555  & 1.0482
Pivot and Support  1.0620
 
 Alternative scenario:
 
Trade: Buy 
Buy or Above 1.0620
Target TP: 1.0804 & 1.0917