Eurusd Swing Sell Setup

FX:EURUSD   Euro / U.S. Dollar
727 6 14
Details on chart.
Comment: Trade Active.
Comment: If euro takes out 1.155 then uptrend will be renewed for 1.17, 1.20 and possible 1.25 as well.
Below 1.155 it will go under 1.10.
Comment: Euro getting hammer from above 1.14 but getting good support fron NFP low at 1.133..

Break of 1.129 will drag euro downside and break of 1.1550 will lead for more highs..
Comment: Euro kept above more than 2 weeks above 1.13 and unable to break 1.1550... deep downside on way in coming sessions..
Mr.Drahi will do the remain !
+1 Reply
newbie2016 waterman
Lets see.. as euro is getting weaker due tu unable to sustain above 1.14.. daily close above 1.14 would make it bullish but seems difficult cuz if euro unable to gain in uj weakness then chances are fading away..
Hi ! Is this a guess work based on past experience ?
newbie2016 waterman
well.. i was keep on buying from 1.08 levels and above when majority was selling.. check my eurusd deals.. euro left some bearish patterns close to 1.096 area.. so before breaking 1.1550.. I am sure it will re visit 1.10 and below to complete that patterns..

Fundamentally euro is strong due to Draghi.. to not to cut interest rates in future and due to dovish FED... but apart from that.. euro is in dam resistance area.. and sell orders will trigger in between 1.137 and 1.155.. so only break of 1.155 will confirm euro wants to head more for 1.20 and 1.25..
waterman newbie2016
A very nice analysis. Thanks !
newbie2016 waterman
your welcome!
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