ForexThief

EURUSD is deciding wheter bulls or bears will take over

OANDA:EURUSD   Euro / U.S. Dollar
EURUSD is now struggling whether its gonna go up or down.
Explanation:
EURUSD touched resistance trendline for a third time and declined it, so we can see one opportunity
for sell or we have a bullish bias, when it comes back down little bit and then break+retest the trendline
and make some major correction to 1.14200.

Daily and Weekly candles shows us that bears are more in charge and EU from longterm point of view
EURUSD is still in kind of consolidation.


Let's wait for price action and whats gonna be result. I will update this idea soon.
Don't forget to trade carefuly guys. Good luck to everyone
Comment: Update of possibilities on EU
Comment: Boom
Comment: We are retesting previous resistance, that means that we could head up to 1.14000 area
Trade closed: stop reached: Im out of EU right now. Very choppy market
Trade closed: target reached

Comments

Im 80% bearish on EU now. Dxy is still bit bullish
+2 Reply
1.130 at the very least.
+1 Reply
impressive
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out