EURUSD - Buy the consolidation at Kijun retest

FX:EURUSD   Euro / U.S. Dollar
278 4 3
100 WMA , Tenkan, Kijun and horizontal line should give good short term support for EURUSD             .

I buy some more in this pull backas marked on the chart.
How about double bottom?
Well, the low so far was same by tick, which is very rare. So it has some chance, but we will only know it for sure if it finally breaks out on the topside from this triangle.
+1 Reply
I believe EURUSD will go Short until 1.21448
Kumowizard racekiller1
Yes, the major trend is still bearish and everything is possible, that's why I suggest using relatively tight stop. However short term both on daily and 4 Hrs chart there is some upward pressure on EURUSD. Of course I don' expect a major reversal either, but looking at recent Price action it seems quite a lot of macro news and expectations have been discounted.
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