The resistance (last valid "2" / downtrend upper edge) was too strong!
The longterm downtrend is likely to gain more momentum.!
The Level to watch is still @ 1,087!
- Prices below 1,087 (last low) will generate a target on the downside @ 1,045. Under 1,045 we will see a falling-knife-situation an the bearish flag would be triggered! The worst case target of the flag is @ 0,95!
The bearish situatuion is Relaxing with Prices higher than 1,145.
The Zone between 1,085-1,145 is imo neutral - just good for scalping (buying the Support, selling the resistance or breakouttrading!
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former analyisis:
If eurusd will break its resistance @ 1,1445 you can exspect a new upwave till 1,18, the 38,2 fibo-retracement (1,044-1,40). perhaps the next "2?"?
Prices below 1,087 (the last low) will generate a target on the downside @ 1,045. Under 1,045 we will see a falling-knife-situation
www.marihuana-aktien.de
The longterm downtrend is likely to gain more momentum.!
The Level to watch is still @ 1,087!
- Prices below 1,087 (last low) will generate a target on the downside @ 1,045. Under 1,045 we will see a falling-knife-situation an the bearish flag would be triggered! The worst case target of the flag is @ 0,95!
The bearish situatuion is Relaxing with Prices higher than 1,145.
The Zone between 1,085-1,145 is imo neutral - just good for scalping (buying the Support, selling the resistance or breakouttrading!
If you like my analysis and find it useful, please take a second and hit the LIKE button and follow me. It takes some time to create these posts and your LIKES let me know it is helpful to you. As always, any comments are welcome. Agree or disagree.
former analyisis:
If eurusd will break its resistance @ 1,1445 you can exspect a new upwave till 1,18, the 38,2 fibo-retracement (1,044-1,40). perhaps the next "2?"?
Prices below 1,087 (the last low) will generate a target on the downside @ 1,045. Under 1,045 we will see a falling-knife-situation
www.marihuana-aktien.de
