d.vezeris
Short

EURUSD 1H (16.JUL.2015) TECHNICAL ANALYSIS TRAINING

FX:EURUSD   Euro / U.S. Dollar
632 0 8
EURUSD             1H Diagram Technical Analysis shows the following:

The EURUSD             has declined under the support line. This line was a support on downtrend but now is resistance to any pull back. MACD is bearish and RSI is approaching oversold level.

In any pull back I would take short position if there is a good bearish candlesticks on Tenkan Sen or Kijun Sen resistance or on the resistance line.

The pair is under all the indexes in the 4H diagram.

Short only in a confirmed bearish candlestick after a pull back
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