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TheSocialInvestor

EURUSD Possible Bullish Correction

Long
Euro / U.S. Dollar (FX:EURUSD)  
TheSocialInvestor Updated   
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Chart Patterns EURUSD EUR USD
4
0
trendanalysis chartpattern eurusd eur usd
EURUSD is creating a nice wedge looking for a breakout, sitting on the monthly 61.8% fib and monthly/weekly price reversal zone. We did have a break and close below the support zone on the 4 hour chart creating another LL & LH. Further confirmation is needed to take a position. Although the EUR has been extremely bearish this week, my bias is bullish for some correction room before a break of the monthly prz and continuation to the downside.
Comment:
70+ pips if you followed analysis, sold on monthly prz rejection & bearish engulfing

snapshot
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