EURUSD on 4H chart showing a pattern.. MACD crossover also supporting this move. Good candidate to short for 100 pips before deciding next move. . It can be Reversal to 1.13 or further down on breakout.
Request Trader friends / Chartists to provide feedback.
7th May 2016
BankNifty Weekly chart: Showing long term downward trend since Feb 2015. But its in short term uptrend since last 2 months lying currently at Support line @ 16300 and strong resistance at 16600.
If its unable to cross 16600-16800 then it can slide below 13000 also.