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Profound_Ambition

EURUSD 4H

Short
Euro / U.S. Dollar (FX:EURUSD)  
Profound_Ambition Updated   
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Support and Resistance Supply and Demand EURUSD euro DJ FXCM Index Supply Zone consolidation breakout retest lowerlow downtrend
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trendanalysis supportandresistance supplyanddemand eurusd euro usdollar supplyzone consolidation breakout retest lowerlow downtrend
Price broke a key level last week & has been moving in about a 40 pip consolidation period. Dollar's strong PPI numbers release this morning gave this pair more of a sense of direction & seems to be trying to break support now. I will look for a clean daily close before placing my entry as price can easily come back up into consolidation for some time until tomorrows FOMC minutes meeting.

Trade safe!
Comment:
also a double top to key resistance 1.18140 area, & a potential H&S Pattern
Comment:
watch for a break of 1.17290
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