EURUSD- Bearish Next Week

FX:EURUSD   Euro / U.S. Dollar
89 0 5
EURUSD             30 MN             (Mostly For Your Information) gives you a lot of information. PA is now at a major Resistance level of 1.13300. Look left always on charts for previous Support and/or Resistance, especially on higher time frames.

Also, Elliot Impulse Wave (1,2,3,4,5) down is going on now. Right now, PA is still at a major resistance area and has completed Elliot impulse Wave of 3 to 4, next week the drop or last wave down will be going on to 5. PA is under Ichimoku cloud indicator and EMA 50 (black line). If you want to wait and be conservative trader, it will not be long for bears to control this pair. Last 30 minute candlestick was a DOJI (or undecided candle), which stopped at a top major resistance level . I will be trading lower time frames to bear side. In my opinion, PA will be going all the way down to 1.11500 SUPPORT level noted on chart. This will be a 800 PA drop fairly quickly. RSI below 50.

Wishing everyone best in trading, price action is number one along with money management. Be successful.
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