CapMoore

Intraday Outlook with Trendline In Play

FX:EURUSD   Euro / U.S. Dollar
148 views
1
148 0
As mentioned in previous post, price could test and bounce by
the confluence resistance 1,1060-80, which also happened today.
Price is now trading below Daily S1 and is close to testing the
trendline and 3/8 fib of CD leg.
Retail Sentiment remains net short and chances are the trendline
will give support. If so, the D-level will be in play at 1,12.
Current daily close below S1, may hint further downside tomorrow,
A break of the trendline and breaching of the kumocloud and close
below Weekly PP at 1,0770 will shift bias to the downside
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out