khun

EU: Doom Continuation Expected

Short
FX:EURUSD   Euro / U.S. Dollar
Looking at the 4h chart, one can only conclude that the EURO will continue dooming down. It would be great to get some shorts filled in the orange box before riding it straight down into the ultimate key support area between 1.04624 - 1.04124. After a short bounce it´ll break down as well, so we can meet 1.02040 in early December. Happy Trading!

Comments

UPDATE2: Another possibly solid support at around 1.0520 must be considered...
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UPDATE1: The daily kindly highlights the importance of the key support area
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