AMurciano
Short

EUROUSD ABCD short

FX:EURUSD   Euro/U.S. Dollar
43 0 1
Monthly: ranging, but quite bearish
Weekly: bearish pressure, h&S formed, broke neckline and
it is retesting it now.

---> The USD is showing a bearish out look for next
week...before reversing to the upside, this may favor a rise
of the euro             to the area of confluences we identified....be
patient and wait for the right price action to form.


Path of least resistance: trading below 200, 50 and 20
EMA ,TL, 20EMA, key line, go against the trend

Confluences:
1. Bounce off a key area
2.0.5 fib (almost reached)
3. deceleration
4. bearish divergence in the daily and in the 1H and
H&S formingon the 1H

Other confluences: fundamental bearish sentiment on the
euro             . GBPUSD             is forming a similar setup.
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