FxWirePro
Short

EUR/USD Short term outlook

FX:EURUSD   Euro/U.S. Dollar
669 1 6
•RES 4:1.1035 ( Apr             6th High)

•RES 3: 1.100

•RES 2: 1.0935 ( 61.8% retracement of 1.105 and 1.0520)

• RES 1: 1.0847 ( Apr             17th high)


PRICE: 1.08036 @ 6:19 GMT            

•SUP 1: 1.0800

•SUP 2: 1.0753 (200 day HMA )

•SUP 3: 1.0640 ( 61.8% retracement of 1.0520 and 1.0847)

•SUP 4: 1.0580 (15th Apr             low)

Commentary:

EUR/USD             has retreated after making a high of 1.0895. It has formed Bearish gartley pattern in hourly chart and decline till 1.0680 is possible.

Technically EUR/USD             is facing major resistance around 1.0935 and any break above would extend gains till 1.100/1.1035. The major support is around 1.0640 and any further weakness can be seen only below that level.

Sell around 1.0850 with stop around 1.0936 for the target of 1.0680.


Hmmm 1.0936 is right around the 78.6 which is where you should be selling the gartley you outlined to begin with. You want to stop the trade out here instead?
+1 Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out