Failed to break 1.1500 key resistance level, E/U immediately reverses the trend.
The narrow range (1.1325-1.1500) now officially is broken.
The bias shifts from bullish to bearish.
Look at on the chart, EURUSD moved below 23.6% Fib retracement of (1.0820-1.1475), the next target is 38% Fib retracement at 1.1220
If 38% Fib retracement can't hold EURUSD, so fair level is at strong support 50% Fib retracement 1.1140
I think EURUSD quickly tests 1.1220 soon.
- Kumo cloud is at 61.8% fib retracement : 1.1080
- RSI Indicator: retreat at 70: Overbought zone.
- MACD Indicator: MACD line cuts signal llne.
Many signals contribute to bearish bias for EURUSD.
I recommend to SELL EURUSD to 1.1200, then 1.1140
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The narrow range (1.1325-1.1500) now officially is broken.
The bias shifts from bullish to bearish.
Look at on the chart, EURUSD moved below 23.6% Fib retracement of (1.0820-1.1475), the next target is 38% Fib retracement at 1.1220
If 38% Fib retracement can't hold EURUSD, so fair level is at strong support 50% Fib retracement 1.1140
I think EURUSD quickly tests 1.1220 soon.
- Kumo cloud is at 61.8% fib retracement : 1.1080
- RSI Indicator: retreat at 70: Overbought zone.
- MACD Indicator: MACD line cuts signal llne.
Many signals contribute to bearish bias for EURUSD.
I recommend to SELL EURUSD to 1.1200, then 1.1140
-----------------------
"facebook" page: goo.gl/Rewx6G
Please visit my website: www.trackingforexsignals.com
New Update: Version 1.2.1
New Feature:
- New plan: FREE 1 Month. Hurry: 1 month is totally fee.
- More than 100 signal providers an more than 200 positions in Trading System
- New payment method: Bitcoin .
- Data Connection: Our unique feature which helps to forecast incoming data base on previous data. No side has such feature: Only in trackingforexsignals.