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tradingwithyg
May 20, 2018 8:36 PM

EURUSD - Weekly Chart Analysis Short

Euro / U.S. DollarFOREX.com

Description

Price Action: Bearish
Pattern: Break of daily support + 29 EMA *still in corrective phase
Long-Term Momentum: Bearish
Short-Term Momentum: Bullish
Bias: Short
Action: Enter short once price breaks below 75 + 130 EMA and trend support + weekly support
Comments: Price is reaching a critical point in the structure. The longer-term EMA’s are lining up with longer-term support zones, so if there is a break below these levels price should move freely.
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