Technician
Short

EURUSD: ADIOS??

FX:EURUSD   Euro Fx/U.S. Dollar
5963 28 71

In my view, the chances that the EURUSD             has finally topped over the medium to long term are high. Lets assess whats going on,

-The weekly chart suggests multiple bearish breakout
- Bearish breakout and completion of a long term head and shoulders top pattern
- Bearish breakout and completion of a rising wedge bearish pattern
-Bearish breakout and stability below the a cluster of key long term moving averages.
- A new series of lower highs and lower lows established

Targets are illustrated on chart.. I am looking for an upside correction, i will be shorting near 1.3500, with a stop loss daily closing above 1.3700 and targets at 1.3300,1.3100 and 1. 2750             .
As usual, limiting your risk at any trade is compulsory, technical analysis increases your chances of success, but never works all the time.

Best of Luck , join me at https://twitter.com/thefxchannel
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My best regards,
Technician

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Your feedback and comments are really helpful; do also do analysis on Gulf Market especially Dubai; if so kindly need to analyze DFM; ARTC; Emaar.
Regards
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What next? :)
Reply
my sell at 1.30560
Reply
Iam convinced of your ability
+1 Reply
Technician TOP manijeh.kazemi.33
Thank You
+1 Reply
Technician TOP Technician
but dont forget that placing a stop loss is a must
+1 Reply
I closed position at 1.27900 how can I thank you thats great as usual
Reply
Technician TOP manijeh.kazemi.33
Lol, you are taking every position i post here .. Thats interesting
+1 Reply
Technician TOP Technician
where did u place your sell?
Reply
That was much faster than I expected
+1 Reply
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