mtellia

EURUSD SHORT

Short
FX:EURUSD   Euro / U.S. Dollar
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2
EURUSD Potential sell: There has been a lot of consolidation lately, However looking at 1hour time frame chart seems to be a possible bearish movement towards the support line (A) at 1.1371 You can see that it has been consolidating around the resistande and has already hit resistance (B) at 1.1400 about 3 times in the past day so should form pattern and hit support line. This is also supported by my downward sloping trend.
Comment: Double bottom broken through resistance line. So could possibly retest back up towards price 1.1417