EUR/USD Short Selloff Setup.

Published date: 12/06/2018
 
 
 

EUR/USD has been stalling at the already given 1.1822 daily resistance level recently with the last EFX technical post stating 'Wait for a reversal or breakout".

Studies of price action today suggest a reversal is imminent... However, we must wait for the trendline to be broken in order for the pair to sell off into the labelled target zones. 

A break of the trendline and the supportive region: 1.1725 will allow the price to fall into 1.1660 over the next few days then 1.1580 as target 2!

Trade safe guys and let's await that USD strength!


Comments

  • EUR/USD Short Selloff Setup.
    Dilaver Singh says:
    13/06/2018

    price retraced to the Fibonacci area, respected the zone. This week I am seeing a bearish leg about to perform to target area of, 1.14000.

  • EUR/USD Short Selloff Setup.
    matt says:
    13/06/2018

    Can someone show EJ analysis?

  • EUR/USD Short Selloff Setup.
    PeakFx says:
    13/06/2018

    On a 1W chart i have a bearish head and shoulders, and on a 4H chart the price has formed a bullish pennant pattern. So i think we can see the price pushing up to 1.19174 for Tp1 and i have my Tp2 on 1.20570 which will be a top of the 2nd shoulder.

  • EUR/USD Short Selloff Setup.
    Lesedi says:
    13/06/2018

    Only because if you also reply Weekly and daily are showing mixed signals

Leave a Comment