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MountOlympusFx

EURUSD SELL: Weekly, Daily & 4hr breakdown

Short
Euro / U.S. Dollar (FX:EURUSD)  
MountOlympusFx Updated   
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Harmonic Patterns Chart Patterns EURUSD Forex
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trendanalysis harmonicpatterns chartpattern eurusd forex
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EURUSD Weekly:
• Price has been consolidating for 6-7 weeks between 1.1450 & 1.1300 in an 140pip range.
• Last weeks candle closed as a bearish engulfing, engulfing 2 previous weeks.
• Price rejected off 1.1300 support for a 4th week, however I do see price breaking through & making way down to weekly order block.
• Moving averages bearish.
EURUSD Daily:
• Price has finally broken out of triangle & closed below 1.1326 4hour level.
• Price now currently floating in daily order block.
• EU Next target 1.12150.
• Moving averages bearish.
EURUSD 4hr:
• After break of 1.1326 price made a lower low at 1.1270.
• Price now expected to pullback to 1.1326 + 0.50 Fibonacci level + 4HR Breaker block which is filled with potential seller.
• Then we sell to 1.1242 + Fibonacci extension + 4hr order block.
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