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The_Munch

Short opportunity

Short
Euro / U.S. Dollar (PEPPERSTONE:EURUSD)  
The_Munch  
PEPPERSTONE:EURUSD   Euro / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators
4
0
trendanalysis chartpattern indicator
4H time frame is showing bearish bias. Trendline with 3 clear touches descending. RSI is also losing momentum and has crossed below the 50 line.

1H Time frame has rejected the trendline and recently broke the 50 EMA. Also, breaking a strong previous support turned resistance and in the vicinity of the 50 EMA making for a strong confluence area.

SHORT!
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