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EUR/USD - Possible short zone

FX:EURUSD   Euro Fx/U.S. Dollar
Looking on the daily and weekly chart price has now hit a significant resistance level. On the daily we have formed a hammer candle. This has been the longest bull run in a long time for the Eur based on weak US data. I have closed out my long positions and will be looking to go short based on PA tomorrow (I don't enter on sundays)

If we break this level we could see my previous target of 1.200 come into the picture.

tommyjones91
2 years ago
Really nice interpretation. Thank you.
+1 Reply
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