EURUSD forms bearish engulfing pattern,targets 1.047/1.000 Short

Euro Fx/U.S. DollarFXCM

Description

⋅ May 25, 2015 1:27 AM

EUR/USD has formed bearish engulfing pattern in weekly chart and this confirms short term weakness, a decline till 1.0465/1.0000 cannot be ruled out.

The pair's minor resistance is around 1.1060 and break above will extend gains till 1.1100/1.1140.

The minor support are 1.0800/1.0470 .

It is good to sell on rallies around 1.1055-60 with stop around 1.1100 fothe tarts of 1.0470/1.100.

Comments

juancho.villalba.7

⋅ May 25, 2015 7:51 AM

ok thanks handle patience

juancho.villalba.7

⋅ May 25, 2015 7:47 AM

you think of a sale on the eurusd or better levels expect you gave

FxWirePro

⋅ May 25, 2015 7:49 AM

S it is good to sell on rallies wait

Lemnos

⋅ May 25, 2015 1:34 AM

Good Analysis ..

bilk29

⋅ May 25, 2015 1:31 AM

thank you

Cityfox

⋅ May 25, 2015 1:28 AM

1.0979

FxWirePro

⋅ May 25, 2015 1:31 AM

thank you

Cityfox

⋅ May 25, 2015 1:32 AM

Thank you