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uptime919
Dec 27, 2019 12:34 AM

EU H&S Daily Short

Euro Fx/U.S. DollarFXCM

Description

Possible head and shoulders formation on Eurusd Daily chart after buyers failed to hold the 200ema Daily(Also currently under the 200ema 1H). Risk currencies have had major gains this week with Euro trading mixed not yet breaking the left shoulder despite money flowing out of DX. We can expect some pullbacks against DX going into next week with German retail sales, U.S. Chicago pmi & Pending home sales to start next weeks volatility. $1.1030 ext $1.10 are primary targets for selling

Trade closed manually

Comment

Closed with 40 pip loss @ $1.1140
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