LADEEc57
Short

Near Term Breakout Indicates a Reversal

FX_IDC:EURUSD   EURO / US 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.
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out