jamesmargetts

EURUSD Short - H4 Time-Frame

Short
FX:EURUSD   Euro / U.S. Dollar
After a very good week for the Euro , price is around key point of resistance at 1.115. I am expecting price to retrace back to strong support of 1.10. If it breaks this, falling wedge expected.

However, if price smashes the 1.115 level we are likely to see a swift continuation of the uptrend we have seen over the last week.

It will be important to watch the price action as soon as the session opens to look for confirmed entries and overall direction.