TradingView
JAthensFX
May 18, 2017 9:18 PM

Updated Analysis on EURUSD  Long

Euro Fx/U.S. DollarFXCM

Description

Updated look on EURUSD

Price has broken above EMA's on daily chart.

4hr Chart is up
1hr Chart is up

So we follow the trend for now

I have placed 2 scenarios for what I believe is going to happen.

We have a double bottom touch in consolidation box, so that telling us that price couldn't push lower for the time being.

Its possible for price to push down to scenario # 1because its on a short term bearish push. If price holds up again in CB box we will wait for it to break trend line and retest CB box (Scenario#2) to place buy entry.
More