Razvan

EURUSD - Broke support

FX:EURUSD   Euro Fx/U.S. Dollar
1170 13 18
The price of EURUSD             broke support after the ADP release, Next local             support found at 1.1175. Breaking below it could send the price down to the trend line (blue one on the char).
nice looking chart.easy to read.
+2 Reply
Razvan RobertHerdman
Thank you!
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Update
snapshot
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Razvan Razvan
Hammer seen right on the support. Waiting for its confirmation. Would be a good bullish signal.
snapshot
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Razvan Razvan
Stopped for a while and continued the down move towards the trend line.
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broke is just shadow. and i think its move around 12500 and then little down and move upward to hit 13200 then fall.
+2 Reply
Razvan PooyaSalehipour
That's a long projection. Well the candle close below support on the 60 min time frame. so...on short term we might see a continuation of the down move
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Your chart has been selected to be highlighted today! This is a great example of using support and resistance for planning a breakout opportunity.
+1 Reply
Razvan walker.england
Thank you!
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thank so much
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Very well possible that we go up from here indeed, I'm hoping it will bounce of that lower trendline...
EUR/USD: Bullish bat at support trendline, path to the big bat!?
+1 Reply
uhuu...that would be an interesting run!
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hopefully it bounces off the lower trend!!!
+1 Reply
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