Near Term Breakout Indicates a Reversal

FX_IDC:EURUSD   Euro / U.S. Dollar
71 0 3
FX_IDC:EURUSD             A possible reversal is in the making as price direction failed to breach and hold above the long term downward trend line connecting peaks at 1.1215 to 1.1470 on the daily time interval. After a spectacular bounce last week, we may see exhaustion take place, coiling reversal back to previous resistance line at 1.1030, and officially becoming a support line at that level, for the next short term bounce. For Long setups, possible Long Stop Range levels are : 1.1030 through 1.0979 for the upcoming week. Also, for Short setups, possible Short Stop Levels are : 1.1213 through 1.1244 for the upcoming week's session.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out