Jnwsk
Short

EURUSD ANALYSIS WEEK OF JULY 24, 2016

FX:EURUSD   Euro Fx/U.S. Dollar
Weekly:
Price is in a nice range. It cannot be determined which way the breakout will occur but this range configuration is enough to enter a trade.

Daily:
Price is in the center of the range touching down at major support levels. It needs a little help to break through the support.

4 Hour:
Since we are shorting this trade we are to find good ares to enter at. There is a nice bat formation . 1.618 or 2.618 fib levels is where price will most likely hit before its continuation down. Observe 1.12500 and 1.14800.

Wishing everyone a good trading week!
Niknik214
4 months ago
Thank you Rob!
Reply
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