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MarcellusLUX

EUR/USD reverses from the top of the upper TL, more fall likely

Short
Euro / U.S. Dollar (FX:EURUSD)  
MarcellusLUX  
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Chart Patterns Beyond Technical Analysis EURUSD eurusdshort eurusdprediction eurusdforecast eurusdsignal eurusdanalysis eurusdidea eurusdtrade
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trendanalysis chartpattern beyondta eurusd eurusdshort eurusdprediction eurusdforecast eurusdsignal eurusdanalysis eurusdidea eurusdtrade
Dear traders, in my previous couple of EUR/USD analysis, I advised selling EUR/USD at the
top of the structure(or at the break of the structure near 1.2125- 1.2145 level.
As you have seen last week, EUR/USD started falling after touching the 1.2150 level.
So, a good 130+ pips trade for people who followed the ideas.
EUR/USD analysis on the hourly

Currently, we have big bearish candlesticks at the upper trend line of the broadening wedge
So, I expect the weakness to continue in EUR/USD.
I would be looking to put new sells in EUR/USD if price makes a correction towards the
1.2050 level with 1.18 as the first target.

Related Ideas

MarcellusLUX
Sell EUR/USD if this structure breaks
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