EURUSD Two Possible Scenarios

FX:EURUSD   Euro / U.S. Dollar
EURUSD             is at a very critical point right now... we are calling the 1.12250 level marked off with a red horizontal line the "line in the sand". The reason why this level is so important to us right now is because the overall long term trend for this pair is clearly bearish as shown below, however this latest miss with NFP has caused an aggressive rally. Where the red line is drawn is a very likely place for price to reverse at and rally again to make a new high and continue to the upside.

However if we fail to hold this level as support we will likely break out of the initial short-term up trend line drawn in blue and that will give us a good shorting opportunity for a quick scalp down to the second medium-term up trend line drawn in blue. If we can break that trend line then we have a lot of room to go lower.

Please do keep in mind this upcoming Brexit referendum which will have a HUGE effect on all EUR and GBP pairs so you will have to be careful trading them.

Tune in LIVE on YouTube https://goo.gl/g8sWn3 every Monday, Wednesday, and Friday at 7 P.M. Eastern Standard Time to learn how to trade the Forex market like a professional!

Follow us on our social media:
Website: http://goo.gl/jBTp1c
Google+: https://goo.gl/05cyms
Twitter: https://goo.gl/L1ncLG
Instagram: https://goo.gl/YZvVR3
Snapchat: Unique4xPro
TradingView: https://goo.gl/9Ab588
Simple thought frame ... great ... I like it :)
FeroxWealth JaimePantoja
Thats how we trade my friend :) thanks for the words!
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