Jnwsk
Short

EURUSD ANALYSIS WEEK OF JULY 10, 2016

FX:EURUSD   Euro Fx/U.S. Dollar
The weekly is currently ranging.

The daily chart shows LH and LL being made, so it is on a nice downtrend.

That being said looking for a short trade would be a good idea.

Looking at the 4H chart there is a nice bullish cypher formation which is a great opportunity to move the price up in our favor to look for shorts.

You can get into the bull cypher without risk. Make sure to put a nice SL. I would be looking for shorts around 1.12222
Hope it bounces down sooner. Before 1.111
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