TradingView
JabezZinabu
Jun 17, 2017 7:10 PM

EURUSD 4 HR analysis - Short Short

EURO / U.S. DOLLARICE

Description

After the up trend cycle, we have been in a top range cycle. There are a few factors pointing to a potential bearish shift in sentiment:
- price broke and is retesting the 7 week trend line
- price broke and is retesting the 13/21 exponential moving averages
- retest of high volume node
- Coming off triple top supply zone
- Fibonacci cluster demand zone near 1.108 or 100 pip drop


More