SerenaAadms
Short

BEARISH EURUSD triggers a sell signal on 30 minute chart

FX:EURUSD   Euro / U.S. Dollar
117 1 5
Euro             afternoon Comment: Following a higher surge during the EU session this morning. with the pair gained nearly 11 pip. The EURUSD             pair continue's to move down in a strong BEARISH trend as it did for past - days ( view Daily chart below ).

On the other hand, EURUSD             is holding well below the long term 200 days simple moving average (that's why we don’t recommend any long trades on the EURUSD             for the coming days). The 50 and the 20 days simple moving averages are also confirming continuation of the the well establish BEARISH trend . on the other hand. a Flag Pattern is emerging on the 30M Chart. Which might resolve down in the direction of main BEARISH Trend on Daily Chart

CONCLUSION: As per above general BEARISH trend ; Only Short trades to be considered following completion of any counter trend rising correction on the 30-minute chart. (Note: This conclusion is only valid as long as price is holding below the 200 periods simple moving (red dotted line) average the on the 30-M chart ). For the final Short entry signal please watch for the coming vertical Key Time Reversal Zone on the 30M chart (as presented on 30M chart below)

(c) This pair review has been published by TFF             ( TM             ) Forex Scanner Analysis team https://trendfollowingformula.com on Monday 2016.07.25 15:00:02 ( GMT             ).
Trade closed: stop reached
We might be looking for another short tomorrow 7 am London time (GMT+1), stay tuned, and have a great evening all.
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