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May 28, 2020 9:37 AM

EU 28/5/2020 chart analysis 

Euro Fx/U.S. DollarFXCM

Description

FX:EURUSDEU had a really nice triple top which was recently broken out of, however price look to be struggling in that range, as can be seen with the long upper wicks rejecting the top of the resistance zone on H4 timeframe and also on lower timeframes. nobody can predict where price would go, however, if it breaks below the short term trendline, it could probably go to the bottom of the larger channel. If it manages to make new highs, it could probably go to the 1.11 area.

Comment

i'm thinking of adding a buy looking at price right now, with SL below the recent swing low around 1.098 and targeting the top of the channel around 1.0765
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