KyleMcQuade
Short

EURUSD Analysis

FX:EURUSD   Euro / U.S. Dollar
Here we have the EURUSD             on the weekly timeframe . Looking at the general movement of price before looking for a pattern, there is a temporary ranging market inside a clear sideways channel at a strong point of resistance (1.05). General price movement dictates that the more the price tests support, the stronger the support level . Which leads to a bigger move if price were to break! Due to the recent strengthening of the dollar, we are likely looking at a potential break of support and price dropping further to previous resistance around the 1.00 mark. With clean break and a 500+ pip drop there may be plenty opportunity to enter short positions.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out