FullTimeTrader
Short

EURUSD-Will the EUR rally? i dont think so

FX:EURUSD   Euro Fx/U.S. Dollar
2091 7 35
I think the EUR lost its last chance to rally after the NFP. I expect more weakness for the EUR next days/weeks.
Right now price is making a pullback, may be the last attempt to reach new highs and most probably will fail.
Bollinger Bands shows very low volatility so we should expect strong volatility very soon.
Technically we have:

- A series of LH forming
- Trendline resistance
- near 0.61 fib retracement
- multiple spikes from the area showing rejection

I would sell here against the 0.61 fib level.

Best regards.

*****************DISCLAMER********************************************************************
This is just and idea, not a recommendation to buy or sell.
Always do your own analysis before opening a trade.
Any respectful and constructive ideas are welcome (agree or disagree).


Trade closed: stop reached
Agreed, I'd sell it before Draghi talks it down. It looks like it'll complete a corrective decline down at your target zone.
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Thank you sir, got similar from my gartley bear.
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Thank you Sir
you suggest to buy now ?
Regards
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MahdiTaouss MahdiTaouss
i mean you suggest to sell now ?
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FullTimeTrader MahdiTaouss
Hello, this is just an ideal for a potential sell, every trader should make his own analysis and plan. Regards.
+1 Reply
MahdiTaouss FullTimeTrader
Yes i know Sir
because i am a beginner in Forex so i learning from you and of course i make my own analysis and plan,
sometime i don't understand somethings in the charts that's why i am asking you from time to time to make sure
Thanks Sir
Regards
Reply
FullTimeTrader MahdiTaouss
You are welcome, glad my charts help you to make your analysis.
+1 Reply
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