d.vezeris
Short

EURUSD 4H (27.07.2014) Technical Analysis Training

FX:EURUSD   Euro / U.S. Dollar
272 2 3
EURUSD             4H Diagram Technical Analysis shows the following:

The EURUSD             has made a short term decline under the resistance red line we have designed on previous post with consolidation on 1.618 of fib @ 1.351. The daily diagram is absolute bearish .
MACD is forcing bearish again under the zero line and RSI is oversold.

We have no special candlestick pattern. The price is under the KUMO, the Kijun Sen (blue line) and the Tenkan Sen (green line) too.

There is no special pattern. The fib from 1.36919 to 1.35811 shows a 2.618 level of next target @ 1.34.

Short for 1.34 and wait for some consolidations toward to KUMO there. Stop loss above resistance line.
Excellent Work
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Bullish Divergence on MACD. 200 Weeks SMA.. Im not sure but I would not expect too much downwards pressure.
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