Technician

EURUSD: Intraday Technical Update

FX:EURUSD   Euro / U.S. Dollar
735 0 12
Previous Update:

Summary:
-Bearish breakout below the 50-days SMA and 0.5 retracement for(1.3476-1.3965 wave.
-A dip fell short near 0.618 retracement
-Bullish three-drives pattern
-Multiple rejection, pin bars
-Probably we may head higher in the coming few sessions, to retest the falling trend line , around 1.3755 levels.
-Accordingly, dips towards 1.3670 remains a potential buy ONLY in the short term(few days)
-Invalidation of this scenario with a clear four-hour closing below 1.3640 key support.

My longer term short trade setup is still active for the second half target..

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