Trader_97
Short

EURUSD TRADE IDEA [WEEKLY TIME FRAME ]

FX:EURUSD   Euro / U.S. Dollar
46 0 1
After failing to stay above 1.17 in and after August 2015 and closing back below the 0.236% retracement level.We seem to be right back on track to resume the major trend for the downside. Two weeks back we closed with spinning top candlestick giving us the idea that bears may be losing control and perhaps more retracement to come but the week followed by that re-established the scenario of downside resumption.All eyes are now set on the support level area from March 16th as we may head lower for a retest of the level and the break below that would help $ achieve a new yearly high against the Euro             as we proceed to the end of 2015.
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