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kct-perspective

EUR/USD 2 Year High - Will it retract?

Short
Euro / U.S. Dollar (FX:EURUSD)  
kct-perspective  
FX:EURUSD   Euro / U.S. Dollar
Support and Resistance Trend Lines EURUSD eurusdshort eurusdforecast eurusdidea eurusdoutlook
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supportandresistance trendline eurusd eurusdshort eurusdforecast eurusdidea eurusdoutlook
EUR/USD Near Term Setup for a Short

  • Price will retest resistance levels from September 2015 upon reaching 2 year highs
  • If the currency pair continues the pattern shown in the horizontal channel it is likely that it'll fall
  • Moving average cross over has not confirmed a chance in trend direction as yet. Entry should be made once this is confirmed.
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