harisonhbn9718
Short

We continue in sell in EUR/USD

FOREXCOM:EURUSD   Euro / U.S. Dollar
Good evening, guys. In this technical analysis , I want to refer a EUR/USD to continue sell off. Well, the trend it's was confirmed and I know that this is a bearish scenario. So, in that I see a possible retrocement of 0.618% of Fibonacci to later to go to drop until the price of support of $!.1110 USD approximately. And also, there are a bearish divergence in the RSI in H4 timeframe, that mean a up of the price, but some important, the trend is bearish for now. But, some important, there are news of EUR, USD, GBP much. And the RSI in H1 timeframe has building a tripple bottom, well a possible slump strong of hte price and I hope that the price is going to leave me at the 0.618% of Fibonacci.


So, my entry zone is $1.1233 and my SL is $1.1270 USD and my take profit is $1.1110 USD.

Fundamentals:

1. EUR/USD unlikely to make inminent return to winning, expert warn.
2. The EUR fell agains the USD yesterday, and analyst are warning that there is little chance that the single currency can move an inminent comeback after snapping its thre-week winning streak last week.
3. ING said: We are inclined to see recent development as resason for a pause in the risk rally and pause in the bearish USD decline, rather than a material reversal of the prior risk asset gains
4. With the dollar's recent decline on hold, the advance in the EUR should "pause too", the bank added, souring the prospet of the EUR/USD rising above $1.15 USD in the inmediate future.
5. In long term, EUR has demand than USD and a safe haven demand rises.
6. The EUR is become more optimistic and the markets in the EU is too.
7. The inflation in the Eurozone is lower as pass fourth years, the data are confirming that inflation in the economic is more lower in May at 0.2% against 0.1% on June 2016 that was the lowerst in the Eurozone, and there is to use to stimulus the economy, but we expect strenghtering the ECB persist with their ultraloose monetary policy (Cuased more quantitative flexibilixation and the ability to print more EUR to devaluated the adquisitive power of Europeans citizens . That a data to take in noticed it. But the rally as say ING it's paused to EUR and we hope good news for the next weeks.

Comments

I dont mentioned that we are in this bearish channel, so, I put a order the in extreme resistance line to sell off, but, look, if we continue to this range, the objective is to find up 60 pips as targets, but, when active my sell order limit, I make updates in this.
Reply
vahidshah2152 harisonhbn9718
@harisonhbn9718,
hi very good. tnx
Reply
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