mike.church.963
Short

EURUSD - Is downtrend back underway

FX:EURUSD   Euro Fx/U.S. Dollar
45 0 0
EURUSD             - Is the downtrend back underway?
Well there looks to be an impulsive 5 waves down from the high at 1.1700 on the 4hr chart and a following 3 wave corrective move, so maybe it is!
Price really needs to break below 1.1090 to give more confirmation/signal bearish momentum is back in control in this pair.

If it breaks the low then the 1 times fib expansion is at 1.0833 which is right on the most recent meaningful lows.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out