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TheBankTrader
Apr 4, 2016 6:56 AM

EURUSD- One Hour Trade Setups Short

EURO / U.S. DOLLARICE

Description

1 hourly and 4 hourly are heading toward a strong daily resistance area coupled with a supply area. Although we see the supply area tested many times, it is holding. Overall bearish daily outlook. The 1Hr has broken its steep uptrend, now we just wait for 4Hr trend line break. Once this is confirmed, we will look for the ideal 1hr retracement or breakout trade to the south.
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