InvestingScope

Target hit. Long term bearish trend preserved.

Short
FX:EURUSD   Euro / U.S. Dollar
TP = 1.14500 hit as 1D aggressively (STOCHRSI = 0.000, Williams = -98.364) broke through the 1.1510 support, creating a new Channel Down (RSI = 26.291, MACD = -0.008, Highs/Lows = -0.0198, B/BP = -0.0336). 1.12840 (June 02, 2017 contact point) is a possible bounce spot for this Channel, which if successful can extend up to 1.1510 (previous support). If crossed then it should test 1.11765 and 1.11086 in succession. In both cases (rejection or break-out), we will continue shorting with those marks as TP = 1.11765 and 1.11086, especially after DX broke above a new 14-month High. The overall trend is bearish on a strong 1W Channel Down (RSI = 28.954).

Telegram: t.me/investingscope
www.investingscope.com

Over 65% accuracy on Private Signals Channel.

Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.

Free Channel: t.me/investingscopeofficial
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.