EURUSD Trading Forecast for February 7, 2017 Short

Euro Fx/U.S. DollarFXCM

Description

⋅ Feb 7, 2017 8:54 AM

Current decline we see suggests that EURUSD did topped at its 50% fibonacci correction. Price already broke past the yellow channel's outer boundary which means that the trend is bearish once again.

Happy trading everyone!

Comments

mdavo79

⋅ Feb 7, 2017 10:02 AM

Hi mate. Nice analysis. Where do you anticipate the price will fall, roughly?

eee_traders

⋅ Feb 7, 2017 12:16 PM

@mdavo79, initially at its 50% retracement, 1.0590 towards 1.0530.
Thank you for appreciating.