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ThinkingAntsOk

EUR/USD Bearish Scenario by ThinkingAntsOk

Short
Euro / U.S. Dollar (FX:EURUSD)  
ThinkingAntsOk  
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Support and Resistance Multiple Time Frame Analysis EUR USD EURUSD short scenario analysis setup signal
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trendanalysis supportandresistance mtfa eur usd eurusd short scenario analysis setup signal
4H CHART EXPLANATION:

- Price bounced at the Weekly Resistance Zone.
- Now, it is facing the short term Ascending Trendline.
- This scenario that we are considering is just a short term move towards the next support zones, looking for a retracement of the strong upside move.
- Will wait and see how the trendline reacts.
- Keep in mind that the main trend on this pair is bullish after the breakout of the Weekly Descending Channel.

DAILY CHART ANALYSIS:

snapshot
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